The dog ate his tax returns?

I can't help but point out with satisfaction that the pilot who perfectly glided the stricken US Airways plane into the Hudson, saving all aboard, is one of those experienced Baby Boomers who has spent a lifetime perfecting his skills, doing something real and productive, rather than pushing financial swindles. He's also a union member. These are the people our economy can't dump fast enough. And we wonder why America is in trouble.

Then there's Timothy F. Geithner, President-elect Obama's choice to be the next Treasury secretary. I've been uncomfortable with Geithner since his selection, chiefly because he has been president of the New York Federal Reserve Bank, the mother ship of the Fed, since 2003. This means he was in a position of significant influence as the financial portion of the Great Disruption was emerging. He apparently raised no alarms or did anything to stop the outright fraud running like a river of manure on Wall Street. He has been, as the New York Times put it, "a central player" in the $750 billion financial bailout. So he was a co-pilot who ditched the financial system, but unfortunately it keeps taking on water and the casualty toll is mounting.

Then there's the wee little problem with his taxes.

A stimulus mistake?

Much of the details of the new stimulus have yet to be known. What's emerging so far is cause for concern. For one thing, the $300 billion in tax cuts may be smart politics, but it's questionable economics and policy. Then there's the issue of how federal dollars might be used to prime the pump, with so much going to backfill basic programs being defunded by cash-strapped states, and lobbyists of the powerful highway-sprawl consortium lining up for the "roads and bridges" money.

George W. Bush and eight years of Republican misrule — really more than a quarter century — are leaving the new administration with the worst mess in nearly 80 years. And remember, all this was validated over and over by a majority of Americans at the polls (maybe not in 2000 and 2004). It's an open question whether any president can lead the changes really necessary to address the Great Disruption, of which the economic collapse is only part. We'll see. But the barriers to real change we can believe in are mammoth.

The Republicans look to magic

Much has been made of the candidate for Republican National chairman, Chip Saltsman, circulating a CD with the song, "Barack the Magic Negro": maybe it's racist, it's certainly bad taste. But most of all it's a sign that a party that has become a largely Southern/rural Western regional party has no inclination to change. Today, Paul Krugman writes about the larger collapse of the Southern Strategy and how Republicans still haven't realized the magnitude of their failure.

I'm fascinated by what we might call The Strange Case of Mark Sanford. The South Carolina governor was prepared to let 77,000 of his fellow citizens go without (meager) unemployment benefits, refusing to ask for $146 million in assistance from the federal government. He finally relented, with only hours to spare, under pressure from citizens, politicians and those still-important newspapers. This case tells us more about the prevailing Republican mindset than Saltsman's song.

The Big Lie about unions

Somewhere over the past few decades, Americans became something new: followers. They became, as an earlier generation put it with disdain, "easily led." Keeping them that way requires a successful propaganda offensive in the case of the Big Three automakers. You see, it's all the union's fault. It's all the workers' faults. Just keep repeating that, over and over. Who knows what might happen if you failed to believe. Belief in the god "free markets" has been shaken by the incompetence of the Bush administration — and by the inevitable consequence of law-of-the-jungle capitalism: the worst economic calamity since the Great Depression. Who knows what might happen if working Americans were suddenly not so easily led.

They might follow the example of 240 workers at Republic Windows and Doors in Chicago, who staged a sit-in after Bank of America cut off credit to the company — and the company, in the way of today's America, laid off the workers without even a severance. They occupied the factory until the bosses and the bank capitulated. The action was hailed as a new sign of backbone, but there was a critical difference between these workers and most average Americans. A difference between them and the 35,000 employees that BofA itself is cutting. They were members of a union.

When presidents had class

In 1901, President William McKinley was attending the Pan-American Exposition in Buffalo when an anarchist stepped forward and shot him, a mortal wound. As the crowd fell upon the assassin,…

Sunday musts

Frank Rich raises important questions about the Obama economic team in Sunday's New York Times:Summers and Geithner are both protégés of another master of the universe, Robert Rubin. His appearance…

Worth considering…

Andrew J. Bacevich, retired Army colonel and intellectual, offered some profound thoughts a while back to Bill Moyers. They have "reality check in the Great Disruption" written large on them:Our…

They don’t wish they knew how to quit him

Like the mistreated girlfriend who just can't quit the abusive fighter jock, the national press is again scritch-scritch-scritching at John McCain's door. His concession speech — actually fumbling and average before a typically thuggish Phoenix crowd — was "dignified," "his best speech of the campaign," and "where was this guy during the campaign?". Now the media are busy predicting the re-emergence of the "old McCain" to do good things for the republic, maybe even build bridges between the conservatives and the Obama administration.

Illusions die hard. John McCain worked hard throughout his career to cultivate the national media — and for all our bravado, even the toughest in the working press can be seduced (whether they bend their principles as a result is another matter). He called them "his base" before the campaign required him to run as a hard-right extremist, right down to the media-blaming rhetoric.

Unfortunately for the media, they finally got a taste of the real, real McCain: a rather undisciplined, herky-jerky, shoot-from-the-hip opportunist, and most of the time a doctrinaire gunslinger for bankrupt, discredited conservatism. When he supported George Bush on torture after opposing him, he cut the last thread of my willingness to believe he was a "maverick" even on a few issues.

Behind the talk of Republican reinvention

We hear much talk now about the Republican Party trying to reinvent itself, fixing its "brand," facing an "identity crisis" or entering a period of internecine war. I'm skeptical about all this. We knew where the Republicans were coming from in the primaries, with a phalanx of middle-aged, rich white guys as candidates. All they had to offer was the same discredited mantra of tax cuts, theocracy and fear, with perhaps the exception of the entertaining libertarian Ron Paul. John McCain emerged as the perfect vessel for this exhausted, intellectually bankrupt yet madly power-hungry political party.

In the wake of a crushing defeat, several bigwigs are meeting at the Virginia estate of Brent Bozell, including "prominent conservatives" such as Grover Norquist — he of the lust to make government small enough to drown in a bathtub — and the religious extremist Tony Perkins. Same old, same old. The reality is that the Republicans have been reduced to a Southern white regional party, with some appeal in Southernized white rural areas elsewhere and the rural white libertarian West. This was brought home in a remarkable map in the New York Times, showing party gains in 2008 vs. 2004.

It's not just that the party's limited bag of ideas have been shown to hold frauds, and has finally been soundly rejected by the public. It's not just that the politics of hysteria and hate don't work now. This is a party totally out of step with the country, which is more diverse and urbanized than ever — even suburban voters recognized their essentially urban issues this time — and becoming more so in the future. This is a party whose ruling creeds are incapable of dealing with a complex modern society or the multi-layered challenges of the 21st century. And whose hidden creeds — policy crafted to ensure a plutocracy — were exposed in the financial crisis.

This moment

And so it comes down to this. A day that will mark the most important election in my lifetime and certainly the most consequential since 1932. The polls show Obama leading and yet… One wonders how wealthy Republican John Sidney McCain III, standard bearer for the Party that Wrecked America, could have even 41 percent support, much less higher, much less be, perhaps, competitive in Pennsylvania, Florida and Virginia.

This support for a candidate who wholly represents the ruinous governing philosophy of conservatism — a set of ideas so discredited, exhausted and out of step with the values of most Americans that McCain's only strategy was a dishonorable campaign of despicable attacks on his opponent and riling up a hateful "base." The man who claims "Country First" picked — or was forced to pick — the most unqualified and dangerous vice presidential candidate in American history. Who are these supporters and what are they thinking? Has ignorance, television-induced brain damage and Republican hate finally pushed us past the tipping point? And election fraud, that determinative agent of the 2000 and 2004 elections, is an ever present danger. And the confluence of moneyed interests that fears Obama.

And yet, we have this moment, this last chance. John Adams reflected the realism of the Founders when he said democracies always eventually commit suicide. Decades later Lincoln rightly called this an experiment, not a fixed or secure order in human events. Now the American generations living will be tested at history's fulcrum.

Says a lot…

Barack Obama is holding his election night party in Chicago's Grant Park, a public space. Wealthy Republican John Sidney McCain III will hold his at the exclusive, secluded Arizona Biltmore.