Stupidity and insanity and banksters run amok

Wisconsin Senate hopeful Ron Johnson in all his glory.

Rand Paul.

Teapartiers love Ayn Rand but have no idea who she really was. Sickeningly,

...she became enthralled by a real-life American serial killer, William Edward Hickman, whose gruesome, sadistic dismemberment of 12-year-old girl named Marion Parker in 1927 shocked the nation.

Being rewarded for torture:

A psychologist whose research was used in constructing the US's program to torture terrorism suspects has been granted a $31-million no-bid Army contract to provide "resilience training" to US soldiers.

The Pentagon needs more money:

The latest talking point du jour has been around in one form or another for years. It asks us to forget that A) America spends more on defense than every other major nation combined and B) the Pentagon, whose annual budget is now approaching World War II levels in inflation-adjusted terms, has lost track of trillions of taxpayer dollars. In light of those troubling truths, we are nonetheless urged by Beltway Republicans to focus on the fact that defense spending is "4.9 percent of our gross domestic product, significantly below the average of 6.5 percent since World War II," as a recent Wall Street Journal editorial proclaimed.

That widely circulated article, aimed squarely at grassroots conservatives, was jointly written by three of the most influential Republican think tanks in Washington -- the Heritage Foundation, the American Enterprise Institute and the Foreign Policy Initiative. And like clockwork, the "percentage of GDP" nugget went from their pen to the GOP's well-oiled media machine.

For those who just don't have enough:

A gold and jewel bedazzled version of Monopoly worth $2 million is heading to Wall Street this Friday. That's not a metaphor.

Crafted by master jeweler Sidney Mobell and 22 years in the making, the set features dice with 42-cut diamonds and a photo-etched 18k gold board.

Krugman on the lack of property mortgage documents:

True to form, the Obama administration’s response has been to oppose any action that might upset the banks, like a temporary moratorium on foreclosures while some of the issues are resolved. Instead, it is asking the banks, very nicely, to behave better and clean up their act. I mean, that’s worked so well in the past, right?

The response from the right is, however, even worse. Republicans in Congress are lying low, but conservative commentators like those at The Wall Street Journal’s editorial page have come out dismissing the lack of proper documents as a triviality. In effect, they’re saying that if a bank says it owns your house, we should just take its word. To me, this evokes the days when noblemen felt free to take whatever they wanted, knowing that peasants had no standing in the courts. But then, I suspect that some people regard those as the good old days.

What should be happening? The excesses of the bubble years have created a legal morass, in which property rights are ill defined because nobody has proper documentation. And where no clear property rights exist, it’s the government’s job to create them.

That won’t be easy, but there are good ideas out there. For example, the Center for American Progress has proposed giving mortgage counselors and other public entities the power to modify troubled loans directly, with their judgment standing unless appealed by the mortgage servicer. This would do a lot to clarify matters and help extract us from the morass.

One thing is for sure: What we’re doing now isn’t working. And pretending that things are O.K. won’t convince anyone.

Slowly strangling the farmers

Massive seed corporation Monsanto -- through acquisitions and cut-throat business practices -- has cornered 90% of the soy, 65% of the corn, and 70% of the cotton market, and has a rapidly growing presence in the fruit and vegetable market, all without government anti-trust officials raising an eyebrow.

Not only that, but in order to be productive, the entire line of Monsanto's seeds all but require the use of Roundup herbicide, trapping all of their customers into buying it. And who owns Roundup? You guessed it, Monsanto.

Monsanto has, it seems, cornered the market on abusive monopolistic practices as well. In the middle of a recession, while farmers' incomes are dropping, Monsanto recently announced a 42% price hike on its most popular genetically modified seeds. When in many areas of the country distributors carry nothing but these seeds, this sure looks like evidence of a monopolist abusing its market position.

President Obama's antitrust chief Christine Varney has promised rigorous enforcement of antitrust law with a special focus on the agricultural sector. She should start with the worst of the worst, Monsanto. Sign the petition to demand that Varney immediately open an investigation into Monsanto and its abusive business practices.

And:

Last year's food riots in Haiti, India, Indonesia and elsewhere sounded the alarm bell for a painful level of global hunger that is only going to increase with a growing population and a changing climate. In a promising move, the G8 -- a group of the world's eight wealthiest nations -- has just announced a shift away from providing direct food aid to developing countries and towards helping farmers abroad produce and distribute their own food.

That's a laudable goal. But the Obama administration along with members of the U.S. Congress are using this singular moment to move their own agenda: propping up U.S. biotechnology companies like Monsanto. They hope to accomplish this by promoting genetically modified seeds and chemical inputs as tools to fight hunger through an exclusive focus on increasing crop yields. One powerful Senate committee has already passed a bill, sponsored by Senators Casey (D-PA) and Lugar (R-IN), that requires GMO technology to be part of the U.S. agricultural research agenda abroad. We need to tell them not to use our tax dollars to market Monsanto's products abroad!

Despite all the hype, GMOs have simply failed to deliver: there is no evidence that exporting this technology to the developing world will actually boost productivity. A recent analysis by the Union of Concerned Scientists found that GMOs have had almost no impact on crop yields in the United States. Further, GMOs have little to offer drought-prone regions like Africa. Simply put: there are no drought-tolerant GMOs currently on the market. The only two GMO seed traits available -- sold by the biotechnology giants Monsanto and Bayer CropScience -- are herbicide tolerance and pest resistance for a handful of commodity crops like corn, soy and cotton. And not only are the existing seeds expensive but the use of these seeds would also tether poor farmers to the synthetic pesticides and fertilizers GMOs require.

Dedicating millions of dollars in aid money to biotechnology companies also reduces the funding available for proven agro-ecological systems and infrastructure improvements that are more appropriate for small and limited-resource producers.

Sign this petition today to tell your Senators that the path out of poverty isn't through Monsanto's doors. Ask them to oppose Casey-Lugar and any development aid bill that promotes GMO technology.

Putting our trust in one single company

What could possibly go wrong?:

The ACLU has taken on a patent case for the first time in its nearly 90-year history. The government’s been allowing private companies to patent human genes. The ACLU thinks that violates the First Amendment and patent law. This is heady, complicated stuff. But when a patent creates a monopoly that restricts the free flow of information, a lot is at stake, and when we’re talking about something like genes associated with breast and ovarian cancer, real women are hurt. This video about the case features some of those women’s stories.

Thank you, ACLU!