... it's because they're trying to. That's why no investment in housing like HOLC, that's why health care deform is a sham and a scam, that's why the jobs situation remains pitiful, that's why "entitlement reform," and on and on and on. I mean, quality work like this is what the banksters get bonuses for.

Shorter Bad Tux; go read. It's all true:

Hey, I'm at least part way there with today's Mike Ross. Open up Medicare, like Ross -- believe it or not -- says he wants to do. That's what Kennedy's original bill did, after all; his bill is the source of the idea to lower Medicare eligibility by five-year increments.

Medicare is simple and proven, so make Medicare for All the starting point. Ross is right about that.

Forget about the pissant public option -- besides being a bailout for the insurance companies, the health exchanges and all the "nudge" programs on healthy lifestyles are just bailouts for IT people and consultants in the "creative" [cough] "class." Not to mention Democratic strategists.

Plus Medicare is already up and running, so it would be easy to understand. None of this nonsense about taking 5 years to do it right (with the insurance companies, the IT people, and the consultants billing by the hour for the whole time).

Nice little propaganda stunt!

During the primaries, many lamented how self-identified "progressives" were willing to use false charges of racism, misogyny, and every tool that the right developed in the 1990s to smear both Clintons (along with some new and special smears of their own), to elect a candidate they deemed "progressive," much like themselves. But that's all blood under the bridge, right? I've gotten over it. And personally, I never liked the "progressive" label much anyhow, because I didn't see that the word had an answer to the question "Progress in what direction?"* Now, of course, we're getting better answers.

It never occurred to me that there might be a problem with "progressivism" in itself. But now Robert Johnson of New Deal 2.0 raises the issue. Now that we're in the midst of The Big Fail, is progressivism a FAIL, too? Johnson takes off from Taibbi's article, and puts it in context:

In Matt Taibbi’s vivid and provocative new article in Rolling Stone, “The Great American Bubble Machine,” the man absolutely screams.

Taibbi’s rage is filling an emotional void. It is a reaction to what is missing after this profound speculative episode that the IMF suggests will cost over $4 trillion in losses on balance sheets and untold trillions in lost output. It is fury over a crisis that is, by any measure, the most profoundly damaging episode since the 1930s (and the Bank for International Settlements Annual Report released this week strongly suggests that the burden on stockholders is far from over)....

There is an age-old tension that emerges in situations like this. You can feel it yourself. We know things are not right but do not exactly know why. Finance is complex. Since the progressive era, trust in “experts” has often been suggested as the best way for society to handle such complex phenomena. We are encouraged to delegate to the likes of leading academics, the Federal Reserve, the Treasury Secretary, and financiers themselves to keep an eye on the public interest. Public officials are explicitly employed to undertake this task on behalf of society. Those in the private sector often appeal to experts, encouraging public. deference to their superior knowledge. Experts are thought to be the custodians of the nation’s health. ...

The problem now is that the experts and leaders from finance [and not only finance] have failed us miserably. They have let us down and we know it. We do not trust in the system. [That is the problem, not confidence.] No one thinks the Federal Reserve did a bang-up job in the years preceding this crisis. The failure is much more profound in the private sector, yet for the most part that failure goes unacknowledged. Even with losses and bailouts, we have to fight over bonus payments to those who feel entitled, despite the cost they have imposed on their stockholders and, more importantly, society.

[Just cross-posted to Kos. How about a recommendation? And welcome, Eschatonians, Paul Krugman, Digby, Andrew Tobias, and Sadly, No readers. And Avedon, you know I do.]

[And readers, if you want others to read this post, you can use the Digg or Reddit buttons below to recommend it.]

ONE CURRENT PERMATHREAD on Big Orange is that Krugman and Obama are feuding or having a vendetta. Which, when you take a step back, is bizarre. That movement conservatives and Villagers like stone Bush enabler William Kristol, like David Brooks, Broderella, and Andrew Sullivan are all good with Obama isn't even mentioned in passing by Obama's fan base. And yet those same enthusiasts spend inordinate amounts of time vilifying Paul Krugman, a true progressive who was there for us from the earliest dark days of the Bush regime.

Curious. What's really happening?  Read more…