Why Business Is so Bummed out about Inflation

The stock market is booming. Job growth is high. It’s never been easier to find a job already get a raise. But inflation is bumming out the business community and their conservative allies.

SYNDICATED COLUMN: It’ll Probably Be President Trump

http://i.ebayimg.com/images/g/vhoAAOSwZd1VZs28/s-l300.jpgMy secret is contrarianism. Since the conventional wise men of the corporate mainstream media are almost always wrong, you’ll almost always be right if you bet against them.

The MSM take on Donald Trump is a rare exception to the rule. They’re scared and so am I. They’re right to be frightened. He’s an unconscious fascist, less like Hitler the careful schemer, more like Adolf’s mentor Mussolini, who cobbled together a little bit from the socialist left and a lot from the nationalist right, winged it as he noted which lines got the most applause, and repeated those.

The trouble with Trump isn’t his policies. He hardly has any. Those he has are so vague as to be laughable (see: the Mexican-financed border wall, mass deportations, etc.)

His temperament is the threat. Hillary Clinton hasn’t met a war she didn’t like, but it’s easy to imagine Trump starting one — maybe a big one — accidentally. Trump has so much contempt for the system, the job he’s running for, and the American people, that he hasn’t bothered to study up on the issues. If he took real estate this seriously, he would have gone bankrupt even more often.

Here’s some irony: America finally elects the magic businessman as president — which we’ve been told for years would be awesome — and securities markets tank in reaction to the uncertainty he creates.

Trump, used to getting his way all the time, is a bully. A president convinces. An authoritarian orders you. Do what he says, or else. This November, nothing less than the American political system is at stake.

So it’s time to get real.

The establishment types are still in denial. Wake up, idiots!

At this writing, Trump is my odds-on favorite to win in November. Things could change. But that’s where we’ve been for months and where we are now.

Because they didn’t think Trump could win the nomination, the party’s efforts to stop him have come way too little, way too late. Mitt Romney 2.0? Paul Ryan? Seriously?

Looking back, pressuring Trump and the other candidates promise to support the eventual nominee and forswear a third-party/independent candidacy rates as one of the stupidest political maneuvers of all time. Now the Republicans are stuck with the dude.

Not that the Democrats are blameless. Barring a miraculous EmailGate-related indictment or the eruption of some new scandal-in-waiting, Hillary Clinton will probably be the Democratic nominee. Thank you, DNC! And she’ll be a disaster. Head-to-head match-ups have consistently shown that she’s weaker against Trump than Bernie Sanders.

Trump is hardwired to find the weak spots in his opponents. He’ll have a field day demolishing Clinton’s candidacy, which is constructed on a pair of fantasies: that her long resume equals a list of impressive accomplishments, and that her record of supporting right-wing wars and trade agreements means she’s secretly a progressive longing to race out of the gate to keep “fighting for us.” Remember what he did to Little Marco Rubio.

Trump will blow up Hillary’s BS over and over and over. And there’s a lot of BS to blow up.

Hillary’s support is wide but shallow. Sure, some Bernie voters will dutifully Feel the Hill. But many Democrats, the ones who got into the Bern because they couldn’t abide Clinton, will not. DINO Hillary is to Trump’s right on war and trade and probably on Israel too. The #BernieorBust movement could leave enough progressives sitting home on election day or casting their votes for the Green Party’s Jill Stein to put Trump into the White House.

Should/can Trump be stopped? Yes, but not by the Republican Party. The GOP’s Stop Trump stampede — the anguished editorials, the cable-news rants, the pompous insider scolds, tens of millions of dollars in SuperPAC-funded attack ads that even smear his wife as a slut — is counterproductive, playing into the framing of a guy who sells himself as an establishment pissing-off outsider.

The Stop Trump movement within the GOP is undemocratic to the point of making me want to retch. Trump has a commanding lead against rival Ted Cruz (680 delegates to 424, 37% of the popular vote to 27%). Considering that Trump began the race against 18 other candidates, the establishmentarian talking point that he can’t get 50% of the vote is absurd. 37% is a commanding lead, and talk of pulling out some nothing guy who didn’t even run (Ryan, Romney) in second-round voting at the Republican convention is an insult to those who voted for Trump and to democracy itself.

The raison d’être for GOP anti-Trumpism is insane: he’s not a “real conservative” — this proto-fascist, they say, is too far left for their party.

If Republicans are serious about stopping Trump, they should pledge to support the Democratic nominee for president — with their votes, their PR machines, their SuperPACs and campaigning in person.

If the Democrats are serious about stopping Trump, they should Stop Hillary.

(Ted Rall is the author of “Bernie,” a biography written with the cooperation of Democratic presidential candidate Bernie Sanders. “Bernie” is now on sale online and at all good bookstores.)

SYNDICATED COLUMN: Obama’s Governus Interruptus

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Obama is a Uniquely Lazy, Ignorant, Weird President Who Has Done More to Undermine Faith in American Democracy Than We Could Have Imagined In Our Worst Nightmare

Obama will go down in history as a unique president. Because he’s black*, obviously.

Also because he’s a uniquely weird guy: a politician who knows nothing about politics — and doesn’t seem interested in figuring it out. Even while his presidency is in crisis, he’s so obliviously impassively oblivious you have to wonder if he’s living in the same dimension as the rest of us.

Officially (Dow Jones Industrial Average, rich people’s incomes, the fake unemployment and inflation figures issued by the Bureau of Labor Statistics), the economy is recovering. Officially, the wars are ending. (“On the ground” in Iraq and Afghanistan, not so much.) Yet Obama’s approval ratings are plunging, even lower than other recent two-term presidents at the same point in time — including the vile, insipid, illegitimate usurper Bush.

No wonder: Obama’s messaging is lousy. John McCain, a zillion years older than the president he lost to and operating with a brain damaged under torture, can see it — so why can’t Obama?

That’s what McCain was wondering aloud after a panel convened to advise Obama about the NSA issued its report: “Most presidents would have now given a speech and said, ‘OK, here’s what the recommendations are; here’s what I think we ought to do.’ Instead, it just came out.” Like a wet turd. “There’s not a translation of facts and events to remedies that the president supports.” How hard is it to tell the panel to submit their ideas to him first so he can repackage the ones he agrees with as his own? That’s Management 101.

Obama is ignorant. Doesn’t have a clue what his minions are up to. Which is bad. Obama’s ignorance is devastating because he lets us know that he doesn’t know. Reagan only read single-page memos, and though Americans suspected he was daft, they didn’t know. It makes a difference.

Chiming in from the even-a-right-winger-who-loved-Bush-can-be-right-twice-a-year corner of The Washington Post op-ed page, Charles Krauthammer marvels: “With alarming regularity, [Obama] professes obliviousness to the workings of his own government. He claims, for example, to have known nothing about the IRS targeting scandal, the AP phone records scandal, the NSA tapping of Angela Merkel. And had not a clue that the centerpiece of his signature legislative achievement — the online Obamacare exchange, three years in the making — would fail catastrophically upon launch. Or that Obamacare would cause millions of Americans to lose their private health plans.”

Dude went to Columbia and Harvard. He seems smart. What’s wrong with him? Is he — as his former colleagues at the University of Chicago, who noticed that he never published — lazy? He’s certainly a far cry from the LBJ who, according to his biographer Robert Caro, routinely burned the midnight oil committing every sentence of every bill, ever, to memory.

Obviously, a president who finds time to watch sports, play golf and kick off for vacations for weeks at a time — while the global economy is melting down — hell, while his signature legislative accomplishment, Obamacare has all but completely imploded — is lazy as all get up. Still, there’s nothing new about presidential sloth. Reagan, Clinton and Bush all worked less than the average minimum-wage worker whose misery they were steadfastly ignoring.

Obama is unique, though. It goes beyond laziness. He doesn’t follow tried and true practices of presidential governance that have served his predecessors for more than two centuries. Intentional? Who knows? It seems more than likely that (and this is so outlandish that I’ve literally waited years to write these words) he is so ignorant of history that he doesn’t know why and how previous presidents have failed and succeeded. Because, let’s face it, if this is three-dimensional chess, he’s down three queens.

The most blinding example of Obama’s ignorance of/unwillingness to/disdain for the act of governing/politicking is what I call Governus Interruptus — delivering a major speech on a problem, then failing to follow up with a policy initiative (a bill, say).

“President Obama’s speeches…are often thoughtful, nuanced, highly evocative, and exceptionally well-delivered — and worse than inconsequential,” Amitai Etzioni writes in The Atlantic. “They raise expectations — a world without nukes! Ending global warming! Finally curbing gun violence! — but are not followed by much of anything. These barren speeches are one reason the public, and especially the young, are becoming disaffected from politics, bad news for any democracy.”

Speaking of LBJ: When he announced “a national war on poverty” with one objective — “total victory” — to lift up the people “who have not shared in the abundance which has been granted to most of us, and on whom the gates of opportunity have been closed” — he didn’t leave it at that. Food stamps, Head Start and other anti-poverty programs followed…laws that began as bills. Bills drafted by the White House and proposed to Congress, which the president strong-armed into passing.

Where is Obama’s nuclear disarmament bill? Why hasn’t he convened a global summit to address the environmental emergency, with the U.S. leading the way with dramatic initiatives to reduce greenhouse gases? Where is his gun control proposal?

Obama jawboned his way into the White House. Evidently Obama hasn’t read enough to know that talking isn’t governing.

Either that, or he doesn’t care.

(Support independent journalism and political commentary. Subscribe to Ted Rall at Beacon.)

COPYRIGHT 2013 TED RALL

SYNDICATED COLUMN: Pirate This Book

Borders Goes Bankrupt. Will Books Survive?

Borders Books and Music, which once employed 30,000 workers at more than 600 stores, is bankrupt. Those numbers have been halved. And even after these massive cuts, analysts say, Borders is probably doomed.

The next time you walk past the empty ghost store where your local Borders used to be, you may ask yourself: Are we becoming a post-literate society?

Everywhere you look the printed word is under economic siege. Despite a 20 percent increase in demand in recent years, libraries are laying off, closing branches and reducing hours. Newsweek, one of the most venerable titles in magazine history, was recently sold for a buck (plus a promise to assume tens of millions in debt). Twitter is priced at $3.7 billion, nearly twice the public enterprise value of The New York Times ($2.03 billion).

The key word, of course, is the one in front of the word “word”: “printed.” We are reading more than ever. Just not in print.

According to a fascinating new study conducted by the University of Southern California, 94 percent of all data is now stored in digital form. (That ticked up a point as you were reading this.) Thanks to the Internet and various gadgets we read about 4.3 times more words each day than we did 25 years ago.

The more words we read, however, the less we want to pay the people who write them. The Times of London lost 90 percent of its online readership after it put its website behind a $4-a-week pay wall.

Why does this matter? Quality. The Huffington Post, recently sold to America Online for $315 million, points to a possible future in which the rewards go to ruthless aggregators who cater to Google common search phrases with slideshows about kittens and Lindsey Lohan. They rely on free blogs for most of their content. We’re getting exactly what they pay for: crap.

If you think journalism is bad now, it’s going to get even worse. The message is as loud and brassy as Arianna: real journalism doesn’t pay. Inevitably the best and brightest are gravitating to other fields.

Another unintended consequence of the digital revolution is lower memory retention. I recall significantly more of what I read in print than online; I’ve found the same to be true of my friends.

Norwegian researcher Anne Mangen told Boston Globe columnist Alex Beam about a paper she published in The Journal of Research in Reading. Mangen believes that we remember more of what we read in print than on a computer screen. This additional retention is due to variables that serve as unconscious memnonic devices: fonts, position of text, images, paper texture, etc.

“The feeling of literally being in touch with the text is lost when your actions—clicking with the mouse, pointing on touch screens, or scrolling with keys or on touch pads— take place at a distance from the digital text, which is, somehow, somewhere inside the computer, the e-book, or the mobile phone,” argues Mangen. “Materiality matters…One main effect of the intangibility of the digital text is that of making us read in a shallower, less focused way.”

My personal experience convinces me that there is a difference. On the Kindle, everything looks and feels the same. When I read the Times on newsprint, part of what helps me remember a story is the ad that ran next to it and the photo underneath. Sure, Kindle readers remember much of what they read. But not as much as old-fashioned bookworms.

It is hard to quantify the value of a country’s intellectual life. But as Americans read more and more, less of it printed, it is difficult to avoid the conclusion that we are losing something precious and irreplaceable.

So what’s the solution? European booksellers, publishers and newspapers receive generous government subsidies. Here in the U.S., where pseudo-free markets are a national religion, the feds bail out billionaire bankers, not bookstores.

In order to successfully compete with online sales and e-books, brick-and-mortar retailers will have to learn the lesson of Borders: middle of the road equals mediocre.

Beginning at least ten years ago Borders buyers began eschewing risks. Buying into the “blockbuster mentality” of stocking stacks of sure-thing bestsellers, they stocked fewer books by midlist authors—profitable, but not bestselling, titles. Browsers found fewer surprises at Borders. As for top-selling books, they’re cheaper at Costco and on Amazon.

Barnes and Noble has been struggling too, but their strategy seems to stand a better chance than Borders. B&N’s inventory is wide as well as deep. The fronts of their stores feel “curated,” the way good independent stores bring in customers with the promise of discovery and serendipity. If consumers want something obscure, odds are there’s a copy or two in the back, spine out.

It’s a frightening thought: America’s intellectual future may depend on the fate of a superstore.

(Ted Rall is the author of “The Anti-American Manifesto.” His website is tedrall.com.)

COPYRIGHT 2011 TED RALL

The Joys of Diminished Expectations

It’s true: financial markets are reacting favorably when bad news is less bad than previously forecast. If there’s a better indication of a country in despair, I don’t know what it is. We’re pathetic.

Get a Job!

The collapse of the New Economy leads to a reversal of the old conservative report to the downtrodden.

Faith Based

Americans keep on keeping on, though the prospects for success aren’t looking good.

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