The Fortnightly Rant

The Fortnightly Rant for April 23, 2010, from The New Hampshire Gazette, Volume 254, No. 15, retroactively posted on Saturday, January 15, 2011. Wall Street was shocked to discover last Friday that it is possible to conduct business in a manner so depraved that the Securities and Exchange Commission (SEC) will actually attempt to take punitive action. Goldman Sachs, an institution recently characterized by The New York Times as “the most powerful bank on Wall Street,” was charged with fraud for creating a collateralized debt obligation (CDO) called “Abacus” and selling $1 billion worth of it without disclosing to the purchasers that it had been …

Read more

The Fortnightly Rant for April 9, 2010, from The New Hampshire Gazette, Volume 254, No. 14, retroactively posted on Saturday, January 15, 2011. According to the traditional Norman Rockwell version of American democracy that used to be taught in high school civics classes, when a political party is out of power it makes every effort to induce the public to ask itself, “Why didn’t we elect those guys?” The most common method for achieving this goal is to propose rational programs of legislation and articulate to the public why such programs would yield better results for the nation than the programs of the party in …

Read more

The Fortnightly Rant for March 26, 2010, from The New Hampshire Gazette, Volume 254, No. 13, retroactively posted on Saturday, January 15, 2011. In a vote that is truly deserving of the term “historic” — its antecedents go back 98 years* — last Sunday the House of Representatives passed legislation that substantially reforms America’s health care system, depending on what the meaning of the word “reform” is. The legislation will force millions of Americans to become customers of the very insurance corporations that have been screwing the nation for Lo, these many years. Thus the festering sore at the heart of our alleged health care …

Read more

The Fortnightly Rant for March 12, 2010, from The New Hampshire Gazette, Volume 254, No. 12, retroactively posted on Saturday, January 15, 2011. Quite frankly we have been ambivalent about the watered-down health care proposal being pushed by the White House. The status quo has got to go, that much is clear. Under our present “system,” the lack of health care insurance is killing almost as many people every year as automobile accidents. For that dubious service the nation pays at least half again as much as it would if everyone were covered. In a sane political system the Democratic Party would stand up and …

Read more

The Fortnightly Rant for February 26, 2010, from The New Hampshire Gazette, Volume 254, No. 11, retroactively posted on Saturday, January 15, 2011. Just to pluck a factoid at random out of the open sewer which passes for current events these days, we see that Anthem Blue Cross California is raising its rates on 700,000 customers by as much as 39 percent. It does this even though its parent company, Wellpoint, posted a record profit of $2.7 billion last year. [1] Anthem’s rate hike had been scheduled to take effect on March 1st, but out of the kindness of its alleged heart, or perhaps to …

Read more

The Fortnightly Rant for February 12, 2010, from The New Hampshire Gazette, Volume 254, No. 10, retroactively posted on Saturday, January 15, 2011. For a little over a year now, Democrats have had control of the White House, the House of Representatives, and, nominally, the Senate; Republicans, on the other hand, have had control of the government. Democrats, eager to look useful before the next election, have been trying to pass health care reform. Opinion polls have shown that a clear majority of the American public supports health care reform, as long as it includes either an expansion of Medicare eligibility or a public option. …

Read more