Thursday’s Mini-Report

Today’s edition of quick hits.

* ExxonMobil’s profits in the second quarter were $11.68 billion, the biggest quarterly profit any U.S. corporation has ever had.

* And how much of that money will be directed towards alternative energy? About 1%. Great.

* The bad news out of Iraq: “A suicide car bomber rammed an explosives-laden vehicle against the wall of a police station south of Mosul on Thursday, killing three policemen and wounding four others, authorities said. It was the fifth suicide attack in Iraq this week and showed that insurgents can still carry out assaults despite security gains in urban areas of the country. Four suicide bombers killed 57 people in Baghdad and the northern city of Kirkuk on Monday.”

* The good news out of Iraq: “The monthly U.S. toll in Iraq fell to its lowest point since the war began, with at least 10 American deaths as July drew to a close Thursday after the departure of the last surge brigade.”

* U.S. troops and their families will also, no doubt, be pleased to learn that the White House will return combat tour lengths to 12 months, from 15.

* Economic news: “The U.S. economy grew at a solid pace in the second quarter, the government said today, despite being buffeted by a financial crisis, a deep housing slump, high fuel prices and a weak job market. But the economy shrank at the end of last year, the Commerce Department said, and much of the recent improvement came from the one-time bump from economic stimulus payments, raising the prospect of weaker performance in the months ahead.”

* Joe Klein: “A few months ago, I wrote that John McCain was an honorable man and he would run an honorable campaign. I was wrong. I used to think, as David Ignatius does, that McCain’s true voice was humble and moderate, but now I’m beginning to think his Senate colleagues may be right about his temperament.”

* The expected plea: “Republican Sen. Ted Stevens of Alaska was arraigned Thursday afternoon in federal District Court in Washington, where he pleaded not guilty to seven counts of failing to disclose gifts he allegedly received from an oil services executive.” Stevens’ trial is set for Sept. 24.

* Andrea Mitchell 1, Rick Davis 0.

* It didn’t take long at all for errors to pop up in Jerome Corsi’s forthcoming book, The Obama Nation. Media Matters, fortunately, is on the case.

* I wanted to take a moment to endorse Atrios’ take on Lanny Davis.

* Do more experienced candidates make better presidents? Not especially, no.

* Quite a reputation McCain is making for himself.

* Must-read editorial: “The Straight Talk Express has taken a nasty turn into the gutter. Sen. John McCain has resorted to lies and distortions in what sounds like an increasingly desperate attempt to slow down Sen. Barack Obama by raising questions about his patriotism. Instead of taking the Democrat down a few notches, these baseless attacks are raising more questions about the Republican’s campaign and his ability to control his temper…. Virtually all candidates, including Obama, distort their opponent’s record. But McCain has gone beyond reasonable bounds. The self-described “happy warrior” in the 2000 presidential campaign has turned sour in 2008, and the candor and straight talk that once made him such an attractive candidate are rapidly disappearing.”

* Believe it or not, even now, Judy Miller doesn’t get it.

* And finally, I will simply never understand why CNN pays Glenn Beck to appear on the air: “On Tuesday, the House passed a formal apology for slavery and racist segregation laws, recognizing that “African-Americans continue to suffer from the consequences of slavery and Jim Crow.” Yesterday, Glenn Beck spent nearly 30 minutes on his radio show mocking the apology. He continued expressing his outrage on his CNN Headline News show last night, during a discussion with Ron Paul. Paul wondered why Congress should apologize, since ‘we personally weren’t responsible.’ Beck claimed that the apology ‘was a front [sic] to the principles of Christianity.'”

Anything to add? Consider this an end-of-the-day open thread.

Well Ahmadinejad didn’t destroy the world today.

But here’s something else to scare wingnuts.

  • …I will simply never understand why CNN pays Glenn Beck to appear on the air…

    Because the people who agree with his stupidity are easy marks for advertisers.

  • * ExxonMobil’s profits in the second quarter were $11.68 billion, the biggest quarterly profit any U.S. corporation has ever had.

    And that, people, is why we are doomed with regards to global warming. Any corporation with that much money will be almost impossible to defeat on the current playing field. They have $40 billion a year to defend themselves with, and they have untold other billions that they will be defending.

    This will not end well.

  • Racer X said:

    * ExxonMobil’s profits in the second quarter were $11.68 billion, the biggest quarterly profit any U.S. corporation has ever had.

    And that, people, is why we are doomed with regards to global warming. Any corporation with that much money will be almost impossible to defeat on the current playing field. They have $40 billion a year to defend themselves with, and they have untold other billions that they will be defending.

    This will not end well.

    ***************

    not only that but a U.S. Supreme Court, Corporate Court, that also helps in every way they can to ‘defend’ the Corporations including Exxon … just ask the folks in Alaska ..

  • The U.S. economy grew at a solid pace in the second quarter, the government said today, despite being buffeted by a financial crisis, a deep housing slump, high fuel prices and a weak job market.

    I wonder how the economy would have done, if you do the math after taking out the top 1 percent (or the top 5 percent).

    To explain, there were 7 castaways on Gilligan’s Island. Let’s say that Mr. and Mrs. Howell made $50 one year (combined), but everybody else lost $5. That means that the economy of Gilligan’s Island grew by $25 ($50 – $25 [$5 x 5]), but most of the inhabitants are falling behind and all the growth is with a few. In fact, the growth among the few was so large that it offset and surpassed the losses suffered by the many.

    That’s pretty much how our economy is growing these days. The gains of ExxonMobile, Big Oil’s executives and a few others (top 1 to 5 percent) are offsetting and surpassing the losses of the many.

  • I was thinking that Exxon’s contribution to alternative energy of only 1% is pretty puny but when you take 1% of $11.68 billion, you get $116.8 million which, for only 3 months, is certainly not chump change. That comes out to over $450 million per year which seems like it should be able to accomplish something useful.

  • The Andrea Mitchell interview with Rick Davis was painful in that she allowed Davis to talk over her and propogate their lies further. Any smackdown she might have been giving Davis was subtle and barely noticeable.

    It was weak journalism that she couldn’t have done a better job of nailing Davis. Instead she played a “both sides do it” narrative.

  • Andrea Mitchell 1, Rick Davis 0.

    I just sqandered nearly a quarter of an hour listening to Rick Davis flapping his lying jaws while Andrea Mitchell struggled to get a single word in edgwise. And of course, in “fairness” Mitchell had to concede that both the Obama and McCain campaigns were dealing in sleaze. I’d score it a tie:
    Mitchell and Davis 0, Truth 0.

  • While we contemplate Hon. Sen. McCain’s one-track mind when it comes to foreign policy, I’ll merge my disagreement to his urges with my advocacy of the idea that we need to end prohibition in this country.

    al Jazeera’s Inside USA has an interesting episode devoted to the violence in Mexico which is a direct result of the US War on Drugs [h/t: TruthDig].When Senator McCain made his tour of Colombia and Mexico, one topic that he probably discussed with both presidents was the billions of dollars that the US pays US corporations to send arms to these countries in a multi-decadal boondoggle which, if anything, has seen an increase in violence in the producing countries, the United Sates and also no decrease of drug use. Confronted with this failed policy, Mr. McCain has supported (what else) a surge of military support in the form of PLan Colombia and a newer Plan Mexico.

  • I was in high school when McCain told that disgusting “joke” about Chelsea Clinton and have HATED the man ever since.

    How can anyone say that he WAS honorable?

  • * U.S. troops and their families will also, no doubt, be pleased to learn that the White House will return combat tour lengths to 12 months, from 15. — CB

    I don’t think the Preznit will thank you for shearing all the spin off his announcement. Because, of course, that’s not what he said. What he said was that he was cutting the tour lengths, due to the surge’s success. *Cutting*, not restoring to the original. And since the (involuntary) extensions went by with very little fanfare, I’m sure that what most people will remember is his — beautifully spun (Swarovski and Steuben would be proud) — version.
    ~~~~~~~~~~~~~~~~~~~~~~~~~

    * Do more experienced candidates make better presidents? Not especially, no. — CB

    Nice. But this,
    http://www.electoral-vote.com/evp2008/Info/experience.html
    written quite a while ago (during primaries), is even better. I love easy to understand charts…

  • TCG, @1,

    From that article:
    The two hairs – 33mm and 44mm long – were found in a jungle in the mountains of north-east India five years ago.

    Now, I know how to find a needle in a haystack, but, two hairs in a whole jungle? And the length of those hairs… What are they? Eyelashes? Nose hairs?

  • Of the 116 mil to go toward alternative energy sources, 116 mil will go for salaries.. In response the chief executive has decide to use the military to nationalize the oil industry which immediately resulted in a huge Blackwater recruitment effort to protect the oil fields from the US military. The US military is heavily out numbered. But in order to defeat these corporate terrorist extortionists you must go with the military you have and not the military you wish you had. In order to buy and lease several new countries and islands Exxon decided it needs to increase its profits so has raised the price of gas at the pump to 11.16/gal(that price didn’t just come out of mid-air claims Exxon spokesman). Consumers should just relax, as the price increase is only temporary unless we fail to elect John McCain then it may become temporarily permanent.. Who says they have taken over America or that they can economically control us because of our dependence on energy needs? Many of the profits will be used to take over what is left of our clean water supply while they contaminate the water they don’t own.

    Message: They don’t have the freedom to take away our freedom. The rule of law no longer holds when the rule of law is used to enslave us…The distribution of our resources that serve our energy needs for warmth and shelter should never be controlled by a few greedy people but should be shared buy the entire community that depends on them.and that includes water and oil because we are beyond being able to live without some form of community energy supply. The few have no more right to control our energy supply (now dependent on oil) as they do the wind(which may become the future oil for our energy supply). The choices are clear…if the people using it don’t control it as a whole then we will continue to be enslaved by the few for our dependence on it for our energy needs. Time to step up to the plate for our freedom and liberty.

    So few people watch Beck its difficult to understand how he remains on the air…or is his propaganda worth losing money over?…Guess so.

  • I didn’t see the Beck interview, but I do feel that apologizing for slavery is apologizing for the sins of our fathers. I don’t apologize for anything I’m not responsible for. This doesn’t mean I’m not sorry that slavery happened, but I don’t buy much into the whole ‘white guilt is a good thing’ approach either.

  • libra: Thanks for the chart, only it actually underestimates Buchanan’s experieence, since it ignores his Ambassadorial post — and he was also nominated for the Supreme Court but turned it down. Of course, some wingnut out there might try and argue that none of this matters because he was *gasp* gay — and he was. (In fact, his long-time companion, Sen. William R. “Miss Nancy” King, was elected Vice President — for Pierce, not Buchanan, though he died before serving.)

    Actually, at least according to friend who claimed to be a distant relative of his and a student of his Administration, he might have been a good President had he been elected earlier, but he was so ill he couldn’t perform the duties (remind you of any current candidate?) — though his pro-slavery stance would always have hurt his reputation..

  • libra @13

    Two hairs in a whole jungle….. my bet is that is enough to keep a wingnut up at night.

    Remember the One Percent Doctrine?

    If there is at least a one percent chance that its from a Yeti, it is from a Yeti, dammit! And what’s not to fear about 10 foot tall apemen. Wingnuts you have been warned.

  • The latest daily Gallup tracking poll shows Obama leading 45-44. What the hell will happen if McCain manages to do something right someday? I have a sinking feeling about this election. There’s just something wrong with the people in this country. And the media. They simply don’t see it the way we do.

    I wouldn’t describe a growth rate of 1.9% as “solid,” and other sources employed more tepid adjectives. They didn’t say how much the rebates affected the number in the places I looked, but if you assume people spent about 100 billion, with no offsetting cuts, that would be about half the 1.9% in a $12 trillion economy.

    Check out the link in that 1% figure Exxon claims it’s spending on alternatives: “”They’re probably spending more on the advertising than they are on the research,” noted an oil analyst contacted by ABC. BP invested the most out of the big five oil companies, at 2.9 percent.” I’ll bet advertising is included in the number, and Exxon has been running a blitz lately. And I wonder what qualifies as alternatives – coal? Even so, the total for all companies is about $2 billion, the analyst said, which he described as a “drop in the bucket.” We are not going to get out of this addiction to oil on a few billion a year. It will require a massive investment, and nobody dares call for that.

  • John @16 said I didn’t see the Beck interview, but I do feel that apologizing for slavery is apologizing for the sins of our fathers. I don’t apologize for anything I’m not responsible for. This doesn’t mean I’m not sorry that slavery happened, but I don’t buy much into the whole ‘white guilt is a good thing’ approach either.

    Have you ever said “I’m sorry” at say, a funeral? Or in a myriad of other circumstances? Actually, this was something that we did really have to teach our kids. If one bumped into the other accidentally, for instance, he might say, “I didn’t mean to hurt him, so I don’t have to say I’m sorry.”

    And we’d explain that you can be sorry for something that isn’t your fault, or your direct action.

    If a kid darted in front of your car, would you not be sorry about that, even though there was no way you could avoid it?

    I think it’s a pretty easy argument as well that the aftereffects of slavery were extremely easy to see in the 50’s and 60’s and are only minimally less easy to see today.

  • Racer X said: I will simply never understand why CNN pays Glenn Beck to appear on the air…

    Because the people who agree with his stupidity are easy marks for advertisers.

    Wow, that single sentence says so much!

    Thank you for pointing out something in plain sight, that I clearly could see, but had never thought of so succinctly.

  • Here’s something strange. American Express has some new promotion called Member 08 and they’re soliciting their card members to suggest public improvement projects. They’re trying to tie in to the open source movement and the election year excitement as if anyone is going to be inspired by Federal Express (Firefox it ain’t.)

    But the strange thing is that they have a video ad that shows silhouettes of people rising up and forming together the outline of an animal. Why is that animal an elephant? If it’s not an oblique reference to the GOP what is it?

  • * Andrea Mitchell 1, Rick Davis 0?

    How do you figure that?

    In the 13 minutes of the “interview,” Davis effectively filibustered for 12 of them with bald-faced lies. He consistently spoke over her while she sat there clearly flustered and annoyed by his rudeness. Mitchell went out her way to be “fair and balanced” conceding the false notion that Obama is being somehow equally negative. Davis would even allow that, shamelessly claiming Obama was the instigator of the negative tone of the campaign.

    I’ve seen blow-hard Republicans loud talk over their opponents to great effect. They interrupt other pundits and speak in the middle of their answers creating and incoherent cacophony until the person they’re arguing with stops talking, then they continue to spew irrelevant talking points until all of the time is used up. In my viewing of this segment Mitchel was routed.

  • Uh-oh.

    MSNBC just anounced that Larry Craig is to appeal his airport lude and lascivious conduct conviction the week following the GOP Conviction in Minneapolis -St. Paul.

    If Larry scheduled it for a week earlier, he coulda taken a cab from the convention center to the courthouse. It woulda saved him a trip to Minnesota.

    Just a suggestion.

  • Wow… That moron Rick Davis sounded pretty much like Terry McAuliffe towards the end of Hillary Clinton’s campaign.

    Completely out of touch with reality. Sad, really sad.

    the good news is, McCain’s campaign is also really sad.

    🙂

  • JC @ 7 said: …That comes out to over $450 million per year which seems like it should be able to accomplish something useful.

    That is true, unless you know something about the corporate world. They’ll pay a few million dollars, to consultants to figure out ‘where’ they are going to spend the money. They’ll spend several 10’s of millions on figuring out ‘where’ they are going to purchase land to build a facility to do ‘alternative energy’ research.

    They’ll immediately hire several top managers, a few years before research actually begins, who’ll sit around looking very busy for a few more million dollars.

    They’ll come up with rules that any research can’t be coming up with something that would seriously threaten their hegemony over the energy needs.

    (Kind’a like the cigarette companies who need to advertise that cigarettes are bad. The ads are just not convincing enough and run during the wrong times on TV to actually affect the people who do smoke)

    So… Oil companies have no desire to do REAL research. What company would be stupid enough to look for something that would put them out of business?

    The best solution would be that Exxon has to turn over that 1% of their profits to an independent group who can do the research without intervention from the oil industry or any Bush administration crony.

    Maybe someone in congress can grow a spine and propose just that.

    Just an idea.

  • memekiller, it seems that the link doesn’t work, but I agree and do support an Obama / Clark ticket.

  • Andrea Mitchell 1, Rick Davis 0.

    No. We’ve become so desperate for a moment of comprehension and incredulousness on the part of the MSM that the mere tentative questioning of a propagandizing operative is worthy of smackdown status. 95% of that 13 minutes was Prick Davis just bulldozing his way from A-Z with a few “courtesy” breaks provided so A.M. could claim she put in a days work and get her paycheck. As it concluded he flipped her and the media off with attitude and A.M. could only try to keep some dignity by asking why the whole thing had gotten so negative, not why McBushCo was just lying it’s ass off.

    He rolled her. He got around 11+ minutes to recite talking points and reinforce the ad themes and A.M struggled to even be part of her own interview.

    Her heart may have been in the right place but this might have been as good an example as any of why the MSM cuts the propagandists so much slack. It’s just easier. It’s more fun to laugh and joke and put down and smear than it is to have to really f’n argue for the truth because that’s what A.M would have had to do. She would have had to get in the a**holes face. She would have had to get in a pissing match and it would have been packaged as A.M being in Obama’s pocket because all celebrities love each other and she might even have a secret thing for dark skinned gentlemen.

    It was sweet that she thought she was dealing with someone with a little class and with something to defend that was defensible but she was talking, (mostly listening), to an unscrupulous motormouth on a mission. That interview was a shrug and a spit and on the next for McBushCo.

  • In my viewing of this segment Mitchel was routed.
    ************************************
    True, but Davis still sounded like a blowhard, butt-wad, Hate-ity wannabe who has no class, decorum, or manners. It was all about him, his talking points, his talking over Andrea, his droning on and on, his refusal to shut the hell up, his smug arrogance. What a fuck-tard.

  • Nice to see “Dr.” Paul living down to his reputation as a white supremacist.

    When you look at Dr. Paul and Dr. McConnell, you understand why doctors have to cultivate a reputation as “little gods” since you always need a second opinion on any of them.

  • Wow, was Jon Stewart on fire tonight. He genuinely seems disgusted by the media’s coverage of the presidential campaign. I wonder if they chose tthat tonight because Brian Williams was the guest, thinking Williams would watch the show from the green room before he went on. Then I hoped Stewart would talk to Williams about the campaign, but instead they covered Williams’ trip to Iran, which was interesting, at least.

  • The latest daily Gallup tracking poll shows Obama leading 45-44. What the hell will happen if McCain manages to do something right someday? I have a sinking feeling about this election. There’s just something wrong with the people in this country. And the media. — Hark @ 20

    Well, half of the people are below median intelligence, which doesn’t say much to start with. Throw in the paranoids who have terrorists under their beds, the psychos who can’t wait for the end of times, the ones who think Obama’s going to take their guns, the ones who still hate hippies and commies, the ones who couldn’t manage a 7-11 but are sure they know who’s best to run the biggest bureaucracy in the world, the women who are afraid of their husbands, the husbands who are afraid of their wives… damn, Obama’s doing pretty well!

    Seriously, though, I share your sinking feeling sometimes. Obama should have a 20 point lead at this point and 30 by November. I used to think the next civil war would be between the haves and have-nots, but it could be between the thinkers and the emotionals.

  • Life Composer said:

    “It was all about him, his talking points, his talking over Andrea, his droning on and on, his refusal to shut the hell up, his smug arrogance.”

    They call it winning.

  • Well, considering that the White House is full of nothing but oil(y) people, is it any surprise that the one industry that is thriving is oil?

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