Quotulatiousness

August 18, 2013

Down with the “nudgers”

Filed under: Food, Government, Health, Liberty — Tags: , — Nicholas @ 10:13

In Reason, Baylen Linnekin discusses the so-called libertarian paternalists:

Even if I were to concede that point, there are plenty of programs that might be called soft or libertarian paternalism and that yield negative outcomes.

For example, federal farm subsidies quietly influence the choices made by farmers and consumers and lead many in both groups to believe they’re better off — a key precept of libertarian paternalism.

Subsidies influence farmers to produce some foods (like corn, soy, dairy, and sugar) to the exclusion of other foods (like arugula, bok choy, and yams). It’s no surprise that the former foods are the ones most farmers grow, and that they’re much more frequent choices among eaters.

The noodgy allure of farm subsidies is that farmers get money and certainty, while consumers get abundant and cheaper food at the grocery.

Another example of libertarian paternalism around food is menu labeling. Its proponents refer to laws mandating calorie counts on fast food and other restaurant menus as a gentle nudge that requires businesses to provide us with information the government thinks we need but still allows us to make our own choices. The hope by government is that we’ll choose items with fewer calories and be better off for exercising that choice. But studies have shown mandatory restaurant menu labeling does not work in practice. Worse, a recent study showed mandated menu labeling can actually cause consumers to choose foods with more calories.

So both farm subsidies and mandatory menu labeling present firm empirical evidence that libertarian paternalism doesn’t work, right?

You might think so. But Sunstein’s Nudge writing partner, Richard Thaler, would likely argue that these failures simply call for more testing on the part of government.

“No one knows the answers to every problem, and not every idea works, so it is vital to test,” Thaler said earlier this month.

Of course. Who else but a cadre of bureaucrats who’ve never met you could possibly through trial and error determine what’s best for you to eat?

August 15, 2013

MI5 – more Maxwell Smart than 007

Filed under: Britain, Government, History — Tags: , , , — Nicholas @ 00:01

Britain’s counter-intelligence service, MI5, comes in for some unkind words on the BBC website from Adam Curtis:

The recent revelations by the whistleblower Edward Snowden were fascinating. But they — and all the reactions to them — had one enormous assumption at their heart.

That the spies know what they are doing.

It is a belief that has been central to much of the journalism about spying and spies over the past fifty years. That the anonymous figures in the intelligence world have a dark omniscience. That they know what’s going on in ways that we don’t.

It doesn’t matter whether you hate the spies and believe they are corroding democracy, or if you think they are the noble guardians of the state. In both cases the assumption is that the secret agents know more than we do.

But the strange fact is that often when you look into the history of spies what you discover is something very different.

It is not the story of men and women who have a better and deeper understanding of the world than we do. In fact in many cases it is the story of weirdos who have created a completely mad version of the world that they then impose on the rest of us.

I want to tell some stories about MI5 — and the very strange people who worked there. They are often funny, sometimes rather sad — but always very odd.

The stories also show how elites in Britain have used the aura of secret knowledge as a way of maintaining their power. But as their power waned the “secrets” became weirder and weirder.

They were helped in this by another group who also felt their power was waning — journalists. And together the journalists and spies concocted a strange, dark world of treachery and deceit which bore very little relationship to what was really going on. And still doesn’t.

And no retelling of MI5’s hits and misses is complete without the time they accused their own chief of being a Soviet spy:

The small group in MI5 now became convinced that their organisation was not just penetrated by the Russians, it was actually run by a Soviet agent. They knew they had to get the truth out somehow even if it meant breaking the law. So they found a friendly journalist called Chapman Pincher and told him the hidden truth.

Here is Chapman Pincher being interviewed on the Wogan programme about what then happened. Up to this point Pincher had been the Defence correspondent on the Daily Express. He was successful for getting “scoops” from “inside sources” — although the historian EP Thompson said that really Chapman Pincher was:

    “A kind of official urinal in which ministers and intelligence and defence chiefs could stand patiently leaking.”

What the dissident MI5 agents now told Pincher was like super high-grade piss. Or, as he puts it in the Wogan interview, “it was like walking into an Aladdin’s Cave”. But what Pincher wrote was going to open the floodgates to a new kind of conspiracy journalism that still holds sway over large parts of the media imagination.

Have a look at him and decide yourself — high grade toilet or investigative journalist? Or maybe often they are the same thing?

August 14, 2013

If there’s a conspiracy, it’s a pretty ineffectual, incompetent one

Filed under: Economics, Government, USA — Tags: , , , , , — Nicholas @ 08:20

Jeff Thomas asks whether the gold market is being manipulated by shadowy conspiracies of governments, big banks, and international bodies:

… we are reminded that, no matter how evil we think a given government may be, no matter how greedy we think a given banker may be, both the world’s governments and the worlds banks have proven time and time again to be guilty of overreach; that is, they assume that their position of power will assure that, if they attempt to control a market, they will succeed.

However, history shows that both governments and banks have a patchwork quilt as a record for effectiveness in this regard. Both exhibit a history of misinterpretation of market drivers, inadequate planning and inadequate execution, to say nothing of a penchant for betraying one another. (The admission by Barclays Bank that they manipulated LIBOR is a good example.)

As such, the concept of a finely-tuned conspiracy of bankers and governments in which all the players (including the egotistical heads of countries) all agree on every facet of a “Grand Plan” is unlikely in the extreme. On the other hand, it is highly likely that an endless series of deals between any two or more parties will crop up along the way. They will succeed or fail to varying degrees. (And we should not overlook the likelihood that, whatever one group should attempt, another group may, inadvertently or not, spoil that attempt through their own plan, which may well be a different one.)

By arguing whether or not gold manipulation exists, we may find that we are wasting our brain cells on the question. A better question, and one that we might choose to monitor on a regular basis, might be, “To what degree is successful manipulation taking place?” We might then use the on-going answer as a guide, to inform our reasoning going forward, as to what impact any perceived manipulation is likely to have with regard to our precious metals investment.

August 12, 2013

Schneier to internet company executives – it’s time to fight back

Filed under: Business, Government, Liberty, USA — Tags: , , , , — Nicholas @ 11:02

In The Atlantic, Bruce Schneier has some advice for the executives of major internet companies:

It turns out that the NSA’s domestic and world-wide surveillance apparatus is even more extensive than we thought. Bluntly: The government has commandeered the Internet. Most of the largest Internet companies provide information to the NSA, betraying their users. Some, as we’ve learned, fight and lose. Others cooperate, either out of patriotism or because they believe it’s easier that way.

I have one message to the executives of those companies: fight.

Do you remember those old spy movies, when the higher ups in government decide that the mission is more important than the spy’s life? It’s going to be the same way with you. You might think that your friendly relationship with the government means that they’re going to protect you, but they won’t. The NSA doesn’t care about you or your customers, and will burn you the moment it’s convenient to do so.

We’re already starting to see that. Google, Yahoo, Microsoft and others are pleading with the government to allow them to explain details of what information they provided in response to National Security Letters and other government demands. They’ve lost the trust of their customers, and explaining what they do — and don’t do — is how to get it back. The government has refused; they don’t care.

It will be the same with you. There are lots more high-tech companies who have cooperated with the government. Most of those company names are somewhere in the thousands of documents that Edward Snowden took with him, and sooner or later they’ll be released to the public. The NSA probably told you that your cooperation would forever remain secret, but they’re sloppy. They’ll put your company name on presentations delivered to thousands of people: government employees, contractors, probably even foreign nationals. If Snowden doesn’t have a copy, the next whistleblower will.

August 10, 2013

Counter-productive attempts to ease the housing crisis for the very poor

Filed under: Government, Politics, USA — Tags: , , , — Nicholas @ 12:26

Sometimes the very tools employed to solve problems can make the problem worse:

Progressives routinely deplore the “affordable housing crisis” in American cities. In cities such as New York and Los Angeles, about 20 to 25 percent of low-income renters are spending more than half their incomes just on housing. But it is the very laws that Progressives favor — land-use policies, zoning codes, and building codes — that ratchet up housing costs, stand in the way of alternative housing options, and confine poor people to ghetto neighborhoods. Historically, when they have been free to do so, poor people have happily disregarded the ideals of political humanitarians and found their own ways to cut housing costs, even in bustling cities with tight housing markets.

One way was to get other families, or friends, or strangers, to move in and split the rent. Depending on the number of people sharing a home, this might mean a less-comfortable living situation; it might even mean one that is unhealthy. But decisions about health and comfort are best made by the individual people who bear the costs and reap the benefits. Unfortunately today the decisions are made ahead of time by city governments through zoning laws that prohibit or restrict sharing a home among people not related by blood or marriage, and building codes that limit the number of residents in a building.

Those who cannot make enough money to cover the rent on their own, and cannot split the rent enough due to zoning and building codes, are priced out of the housing market entirely. Once homeless, they are left exposed not only to the elements, but also to harassment or arrest by the police for “loitering” or “vagrancy,” even on public property, in efforts to force them into overcrowded and dangerous institutional shelters. But while government laws make living on the streets even harder than it already is, government intervention also blocks homeless people’s efforts to find themselves shelter outside the conventional housing market. One of the oldest and commonest survival strategies practiced by the urban poor is to find wild or abandoned land and build shanties on it out of salvageable scrap materials. Scrap materials are plentiful, and large portions of land in ghetto neighborhoods are typically left unused as condemned buildings or vacant lots. Formal title is very often seized by the city government or by quasi-governmental “development” corporations through the use of eminent domain. Lots are held out of use, often for years at a time, while they await government public-works projects or developers willing to buy up the land for large-scale building.

CBC notices social conservative group is critical of the government

Filed under: Africa, Cancon, Government — Tags: , , , , , , — Nicholas @ 09:05

This is probably the most attention the CBC has paid to REAL Women of Canada since … well, ever:

REAL Women of Canada, a privately funded socially conservative group, says Foreign Affairs Minister John Baird is imposing his own views on Uganda, Kenya and Russia when he criticizes those countries for passing legislation targeting homosexuals.

The group, which describes itself as a “pro-family conservative women’s movement,” issued a press release Wednesday decrying what it called Baird’s “abuse of office” and his awarding of a $200,000 grant to “special interest groups” in Uganda and Kenya “to further his own perspective on homosexuality.”

REAL Women also lambasted Baird for admitting he worked extensively behind the scenes to persuade Russia not to pass laws restricting foreign adoption of Russian children by gay couples and cracking down on gay rights activism to control the spread of “homosexual propaganda.”

Finally, the press release states, “Mr. Baird’s actions are destructive to the conservative base in Canada and causing collateral damage to his party.”

It’s not often that the CBC can find this kind of anti-Harper criticism coming from a group they would identify as being “core” Harper supporters, so it’s not surprising they give it the full treatment it really doesn’t deserve.

H/T to Brendan McKenna for the link.

August 7, 2013

Bruce Schneier – “it’s becoming clear that we can’t trust anything anyone official says about these programs”

Filed under: Government, Media, USA — Tags: , , , , , , — Nicholas @ 08:39

Bruce Schneier talks about the need to restore trust in government and the internet after all the proof we’ve had lately that “they” are lying to us pretty much all the time:

In July 2012, responding to allegations that the video-chat service Skype — owned by Microsoft — was changing its protocols to make it possible for the government to eavesdrop on users, Corporate Vice President Mark Gillett took to the company’s blog to deny it.

Turns out that wasn’t quite true.

Or at least he — or the company’s lawyers — carefully crafted a statement that could be defended as true while completely deceiving the reader. You see, Skype wasn’t changing its protocols to make it possible for the government to eavesdrop on users, because the government was already able to eavesdrop on users.

At a Senate hearing in March, Director of National Intelligence James Clapper assured the committee that his agency didn’t collect data on hundreds of millions of Americans. He was lying, too. He later defended his lie by inventing a new definition of the word “collect,” an excuse that didn’t even pass the laugh test.

As Edward Snowden’s documents reveal more about the NSA’s activities, it’s becoming clear that we can’t trust anything anyone official says about these programs.

Google and Facebook insist that the NSA has no “direct access” to their servers. Of course not; the smart way for the NSA to get all the data is through sniffers.

Apple says it’s never heard of PRISM. Of course not; that’s the internal name of the NSA database. Companies are publishing reports purporting to show how few requests for customer-data access they’ve received, a meaningless number when a single Verizon request can cover all of their customers. The Guardian reported that Microsoft secretly worked with the NSA to subvert the security of Outlook, something it carefully denies. Even President Obama’s justifications and denials are phrased with the intent that the listener will take his words very literally and not wonder what they really mean.

[…]

Ronald Reagan once said “trust but verify.” That works only if we can verify. In a world where everyone lies to us all the time, we have no choice but to trust blindly, and we have no reason to believe that anyone is worthy of blind trust. It’s no wonder that most people are ignoring the story; it’s just too much cognitive dissonance to try to cope with it.

This sort of thing can destroy our country. Trust is essential in our society. And if we can’t trust either our government or the corporations that have intimate access into so much of our lives, society suffers. Study after study demonstrates the value of living in a high-trust society and the costs of living in a low-trust one.

Infrastructure does not lead development – it lags

Filed under: Economics, Government, History, Railways — Tags: , , , — Nicholas @ 08:28

In the Wall Street Journal, Larry Schweikart and Burton Folsom correct the misunderstanding that development and growth will follow infrastructure:

History says it doesn’t work like that. Henry Ford and dozens of other auto makers put a car in almost every garage decades before the National Interstate and Defense Highways Act in 1956. The success of the car created a demand for roads. The government didn’t build highways, and then Ford decided to create the Model T. Instead, the highways came as a byproduct of the entrepreneurial genius of Ford and others.

Moreover, the makers of autos, tires and headlights began building roads privately long before any state or the federal government got involved. The Lincoln Highway, the first transcontinental highway for cars, pieced together from new and existing roads in 1913, was conceived and partly built by entrepreneurs — Henry Joy of Packard Motor Car Co., Frank Seiberling of Goodyear and Carl Fisher, a maker of headlights and founder of the Indy 500.

Railroads are another example of the infrastructure-follows-entrepreneurship rule. Before the 1860s, almost all railroads were privately financed and built. One exception was in Michigan, where the state tried to build two railroads but lost money doing so, and thus happily sold both to private owners in 1846. When the federal government decided to do infrastructure in the 1860s, and build the transcontinental railroads (or “intercontinental railroad,” as Mr. Obama called it in 2011), the laying of track followed the huge and successful private investments in railroads.

In fact, when the government built the transcontinentals, they were politically corrupt and often — especially in the case of the Union Pacific and the Northern Pacific — went broke. One cause of the failure: Track was laid ahead of settlements. Mr. Obama wants to do something similar with high-speed rail. The Great Northern Railroad, privately built by Canadian immigrant James J. Hill, was the only transcontinental to be consistently profitable. It was also the only transcontinental to receive no federal aid. In railroads, then, infrastructure not only followed the major capital investment, it was done better privately than by government.

August 6, 2013

The Electronic Frontier Foundation on reforming the NSA

Filed under: Government, Law, Liberty, USA — Tags: , , , , — Nicholas @ 11:36

The EFF has a few suggestions on how to go about reining-in the NSA:

While we still believe that the best first step is a modern Church Committee, an independent, public investigation and accounting of the government’s surveillance programs that affect Americans, members of Congress seem determined to try to enact fixes now. Almost a dozen bills have already been introduced or will be introduced in the coming weeks.

While we’re also waiting to see what the various bills will look like before endorsing anything, here’s — in broad strokes — what we’d like to see, and what should be avoided or opposed as a false response. We know full well that the devil is in the details when it comes to legislation, so these are not set in stone and they aren’t exhaustive. But as the debate continues in Congress, here are some key guideposts.

This first post focuses on surveillance law reform. In later posts we’ll discuss transparency, secret law and the FISA Court as well as other topics raised by the ongoing disclosures. In short, there’s much Congress can and should do here, but we also need to be on the lookout for phony measures dressed as reform that either don’t fix things or take us backwards.

Helping the Russians laugh … at us

Filed under: Government, Liberty, Russia, USA — Tags: , , — Nicholas @ 11:00

Bruce Sterling on the Edward Snowden situation:

This is the kind of comedic situation that Russians find hilarious. I mean, sure it’s plenty bad and all that, PRISM, XKeyScore, show trials, surveillance, threats to what’s left of journalism, sure, I get all that, I’m properly concerned. None of that stops it from being hilarious.

Few geopolitical situations can ever give the Russians a full, free, rib-busting belly laugh. This one sure does.

If Snowden had gotten things his own way, he’d be writing earnest op-ed editorials in Hong Kong now, in English, while dining on Kung Pao Chicken. It’s some darkly modern act of crooked fate that has directed Edward Snowden to Moscow, arriving there as the NSA’s Solzhenitsyn, the up-tempo, digital version of a conscience-driven dissident defector.

But Snowden sure is a dissident defector, and boy is he ever. Americans don’t even know how to think about characters like Snowden — the American Great and the Good are blundering around on the public stage like blacked-out drunks, blithering self-contradictory rubbish. It’s all “gosh he’s such a liar” and “give us back our sinister felon,” all while trying to swat down the jets of South American presidents.

These thumb-fingered acts of totalitarian comedy are entirely familiar to anybody who has read Russian literature. The pigs in Orwell’s Animal Farm have more suavity than the US government is demonstrating now. Their credibility is below zero.

The Russians, by contrast, know all about dissidents like Snowden. The Russians have always had lots of Snowdens, heaps. They know that Snowden is one of these high-minded, conscience-stricken, act-on-principle characters who is a total pain in the ass.

Modern Russia is run entirely by spies. It’s class rule by the “siloviki,” it’s Putin’s “managed democracy.” That’s the end game for civil society when elections mean little or nothing, and intelligence services own the media, and also the oil. And that’s groovy, sure, it’s working out for them.

When you’re a professional spy hierarch, there are few things more annoying than these conscience-stricken Winston Smith characters, moodily scribbling in their notebooks, all about how there might be hope found in the proles somehow. They’re a drag.

[…]

Citizens and rights have nothing to do with elite, covert technologies! The targets of surveillance are oblivious dorks, they’re not even newbies! Even US Senators are decorative objects for the NSA. An American Senator knows as much about PRISM and XKeyScore as a troll-doll on the dashboard knows about internal combustion.

August 5, 2013

Nepotism … you’re soaking in it

Filed under: Government, Japan, Politics, USA — Tags: , , — Nicholas @ 09:57

Steve Chapman makes a case against nepotism in the modern world:

It would be silly to make Caroline Kennedy the White House science adviser: She’s not a scientist. It would be silly to name her fire commissioner of New York City: She has no background in public safety.

The standards are different in other fields. Kennedy has no previous known interest in Japan, Asia or international relations and is not a diplomat. But Barack Obama has chosen her to be the next ambassador to Japan.

Liz Cheney, likewise, is not inhibited by anything she lacks. She went to high school in northern Virginia, college in Colorado and law school in Chicago, before taking up residence in the Washington, D.C. area. Under George W. Bush, she held a couple of State Department jobs for which she had no obvious qualifications. But now she’s running for the U.S. Senate from Wyoming.

You could pick a name out of the phone book and find someone with better credentials. But these names are not random. They are household names, made famous by their fathers: John F. Kennedy and Dick Cheney. So the daughters carry an aura of expertise and gravity.

They benefit from “branding” — their association with the genuine accomplishments of famous relatives. But the logic behind that appeal only goes so far. Just because you wear Nike shoes doesn’t mean you’d buy a can of Nike beans. A Cheney’s virtues, if any, may not be present in another Cheney.

Blundering into a “fragile country” can make things much worse

Filed under: Government, Middle East, USA — Tags: , , — Nicholas @ 00:01

Ted Galen Carpenter on a big blind spot in US policy:

U.S. officials too often succumb to the temptation to try to impose order and justice in unstable or misgoverned societies around the world. The temptation is understandable. It is hard to learn about — much less watch on the nightly news — brutality, bloodshed, and gross injustice and not want to do something about it. Some foreign policy intellectuals, including the new U.S. ambassador to the United Nations, Samantha Power, have become strident lobbyists for the notion of a “responsibility to protect” vulnerable populations.

But it is a temptation that wise policy makers should avoid. U.S. meddling has frequently caused already bad situations to deteriorate further — especially when Washington has based its humanitarian interventions on the false premise that the subject of our attentions is, or at least ought to be, a coherent nation state. As I point out in an article over at The National Interest, U.S. administrations have made that blunder in Bosnia, Iraq, Libya, and other places.

In many parts of the world, the Western concept of a nation state is quite weak, and the concepts of democracy and individual rights are even less developed. The primary loyalty of an inhabitant is likely to be to a clan, tribe, ethnic group or religion. U.S. officials appear to have difficulty grasping that point, and as a result, the United States barges into fragile societies, disrupting what modest order may exist. Washington’s military interventions flail about, shattering delicate political and social connections and disrupting domestic balances of power.

August 4, 2013

Ben Klass responds to Bell Canada CEO’s open letter

Filed under: Business, Cancon, Government, History — Tags: , , — Nicholas @ 11:26

An excellent response:

You begin the “unusual step of writing to all Canadians” (Strange, isn’t it, that “Canada’s Top Communication Company” should find it unusual to communicate with its customers?) with a history lesson, ostensibly in the interest of helping us “understand a critical situation” now facing the wireless industry: the potential entrance of an American company into the Canadian market.

You inform us that, since Parliament granted Bell its charter in 1880, Bell has spent 133 years “investing in delivering world-class communications services to Canadians.” An impressive track record!

You must, however, be aware that Bell’s permission to operate in Canada was initially obtained by agents acting in the interest of the (American) National Bell Telephone Company and that, after securing a favourable charter, three top-level executives from National Bell were appointed to Bell Canada’s board of directors (Babe, 1990, pg 68-69). Or how about how American Bell initially owned 50% of your company, only fully divesting its interest 43 years ago, in 1970 (Winseck, 1998, pg 119)?

Bell began its life in Canada as a branch plant of an American company. (In a strange twist of fate, it’s now a descendant of National Bell Telephone — Verizon — which is contemplating (re)entering the Canadian market.) And they leveraged this relationship to get an early leg up on the competition — using patents owned by its American parent, Bell quickly monopolized the market for Canadian telephone services, a monopoly it used to funnel profits back to the States. (Smythe, 1981, pg 141)

You suggest that “US giants don’t need special help from the Canadian government,” but that’s exactly how Bell got to where it is today!

That’s all ancient history, however, and in the here and now, BCE is a Canadian company who “welcomes any competitor,” so long as they “compete on a level playing field.” Right?

You’re calling on the Federal government to close “loopholes” that are intended to promote competition in your industry — rules that your company has forced the government to create.

Read the whole thing.

New tools for the surveillance state

Filed under: Government, Liberty, USA — Tags: , , , , — Nicholas @ 11:01

James Miller on token attempts to roll back the security state by local governments and other groups:

New surveillance technology lowers the barrier of effort needed to soak the productive class of the surplus fruits of its labor. From monitoring backyards to ensure taxes are being paid on swimming pools to spying on farmers who violate agricultural regulations, states across the globe are already using new spy tools to extort more loot from the greater public.

All the while, the political class gives an assurance that the technological innovation will not be abused. Newspaper editors parrot the message and paint any critic as a tinfoil hat loon who thinks Big Brother sleeps under their bed. And then there are the television intellectuals who take great joy in making flippant remarks about conspiracy theorists. Each of these personalities pictures him or herself as sitting a few ladder rungs above the horde of bumbling mass-men.

One has to be either lying or painfully ignorant to believe government will not abuse surveillance drones. State officials have rarely failed to use their capacity to terrify the populace. Just recently, journalist Glenn Greenwald and the Guardian revealed that the National Security Agency sweeps up the internet activity of all U.S. residents absent any warrants. Prior to the leak, those politicians in charge of overseeing the government’s oversight activities claimed the snooping was done in the public good and not as widespread as suspected. The new details of the program contradict the assurance, as the NSA’s spy activity is more intrusive – and prone to abuse – than originally thought.

A sterling record of misconduct is still not enough to convince enlightened thinkers and academics of the state’s propensity to terrorize. There are still a handful of civil liberty organizations calling attention to the dangers of the widespread use of surveillance drones and data gathering. But their beef is focused more on the right to privacy rather than a usurpation of basic property rights.

Who speaks for those neither rich nor poor?

Filed under: Economics, Government, USA — Tags: , , , — Nicholas @ 09:37

Victor Davis Hanson on the forgotten people in the middle:

There are more than 48 million Americans on food stamps, an increase of about 12 million since the beginning of the Obama presidency.

At a time of record-high crop prices, the U.S. government still helps well-off farmers with some $20 billion in annual crop payouts and indirect subsidies.

The Left mythicizes food-stamp recipients almost as if they all must be the Cratchits of Dickensian England.

The Right romanticizes corporate agriculture as if the growers all were hardscrabble family farmers in need of a little boost to get through another tough harvest.

Those in between, who pay federal income taxes and are not on food stamps, lack the empathy of the poor and the clout of the rich. Can’t a politician say that?

Illegal immigration is likewise not a Left vs. Right or Republican vs. Democrat issue, but instead mostly one of class.

The influx of millions of illegal immigrants has ensured corporate America access to cheap labor while offering a growing constituency for political and academic elites.

Yet the earning power of poorer American workers — especially African Americans and Hispanic Americans — has stagnated.

The common bond between the agendas of La Raza activists and the corporate world is apparently a relative lack of concern for the welfare of entry-level laborers, many of them in American inner cities, who are competing against millions of illegal workers.

Given the slow-growth, high-unemployment economy, and the policies of the Federal Reserve, interest on simple passbook accounts has all but vanished.

The poor are not so affected. They are more often borrowers than lenders, and they are sometime beneficiaries of federally subsidized debt relief.

The rich have the capital and connections to find more profitable investments in real estate or the stock market that make them immune from pedestrian, underperforming savings accounts.

In other words, this administration’s loose money policy has been good for the indebted and even better for the stock-invested rich. But it is absolutely lousy for the middle class and for strapped retirees with a few dollars in conservative passbook accounts.

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