In The Shadow Of Mt Hollywood

This year, we've been in and out of Ferdinand Lundberg's world of finpolity as outlined in his 1968 book The Rich and the Super-Rich , and which I summarized in this post . It turns out that, although Prescott Bush's wealth can be traced to his wife's father, George Herbert Walker. who was presidenr of the Harriman family investment bank, W A Harriman & Co, and Prescott himself became a managing partner of its successor, Brown Brothers Harriman, and was closely associated with Edward Harriman's sons, W Averell and E Roland, Prescott himself is never mentioned as a finpol in The Rich and the Super-Rich . This was almost certainly by design. According to Britannica , At least some portion of the Greenwich Bushes’ financial stability came by way of the largesse of the Walkers, who were ostentatious in their demonstrations of wealth, whereas Bush counseled his offspring to play down their wealth and instead advocated public service as a sort of nob...

Over the holidays, my wife and I added The Bourne Legacy , the fourth episode of the Hollywood franchise loosely based on Robert Ludlum novels, to our collection of DVDs. My fascination with the series was one of the reasons I started this blog, as I outlined in this early post : The original Ludlum novels appeared between 1980 and 1990, while the film trilogy we watched appeared between 2002 and 2007, long before Donald Trump was anything but a playboy billionaire and reality TV star. Yet the image of the CIA and its fictional director, Martin Marshall, is the one we have now, the one with the actual CIA director John Brennan, who in the public mind is fully capable of Martin Marshall's misdeeds and fully eligible for Marshall's implied fate, federal indictment for serious whatever. Did Martin Marshall go to Yale? You betcha. The MacGuffin of the Bourne franchise, the element that's necessary to the plot and the motivation of the characters, is a set of de...

The Washington Post, September 17, 2002 : When President Bush travels today to Andrew Jackson's hometown of Nashville, he may wish to stop by the Hermitage and lay a wreath at the grave of the Hero of New Orleans. More and more, Bush has been acting like the seventh president. Superficially, such a comparison is absurd. Jackson led a populist revolt against concentrated wealth in undoing the Bank of the United States; Bush is closely allied with corporate interests. I wouldn't say "absurd" so much as "obtuse". The writer, Dana Milbank, goes on, Jackson lost a disputed election in 1824 to the son of a former president; Bush, as son of a former president, won such a disputed election. Jackson was an uneducated war hero and father of the Democratic Party. Bush, of Andover, Yale, Harvard and the Texas National Guard, came to office in hopes of imitating McKinley, who defeated Jacksonian style populism in building the modern Republican Party a c...

Lindy Li is a puzzle. She's been highly visible in the press since the election, characterized as a Prominent Democratic National Committee powerhouse fundraiser who has turned on the party following Harris's November loss, spilling what purport to be insider secrets. I'm not sure about this at all. Matt Margolis echoes the received line at PJ Media : Democratic donor and operative Lindy Li hasn’t held back in her critiques of the party. For weeks, she’s been relentless, taking aim at Kamala Harris for squandering a billion dollars, criticizing her selection of Tim Walz, and calling out her embrace of radical positions. Li has even provided intriguing insider details about how Joe Biden was ultimately ousted, and what Pelosi and Obama really think of Kamala. Now, she’s dishing on Joe Biden’s mental decline. The reference to "what Pelosi and Obama really think of Kamala" carries a link to another Margolis story at PJ Media : In a candid interview w...

There's been a real effort to spin the outcome of the continuing resolution dispute as a loss for Trump and the Republicans. But as I noted yesterday, there's a big dog that diodn't bark, and it still hasn't: had Trump felt he lost, we would have seen bombastic posts against Speaker Johnson and other RINO Republicans, either from Trump himself or Elon Musk. Insead, we now have Trump simply moving on and threatening to retake the Panama Canal. Nevertheless, The Wall Street Journal calls it The Week the GOP’s High Hopes Collided With Reality : House Speaker Mike Johnson had spent weeks negotiating with Democrats, carefully cobbling together the compromises it would take to secure a majority vote in the narrowly divided chamber. It was a delicate construction, a house of cards, that had already begun to teeter when Elon Musk emerged Wednesday to stomp all over it. By Friday, the government was spiraling toward a shutdown after a series of failed and aborted votes...

I went to bed last night assuming the alt aggregators would provide a full update of the events surrounding the potential government shutdown, but of course they didn't. Only one or two mentioned that the Senate passed the new House Plan C version and sent it on to Biden for signature, which appears to be a formality, the main issue being getting Joe in shape to do much of anything. But where did things stand when I went to bed? As of noon yesterday, Leader Schumer was claiming he wasn't on board with anything : Outgoing Senate Majority Leader Chuck Schumer (D-NY) addressed the looming government shutdown on Friday and urged House Republicans to return to the initial deal negotiated by Speaker Mike Johnson (R-LA). “If Republicans do not work with Democrats in a bipartisan way, very soon, the government will shut down at midnight. It’s time to go back to the original agreement we had just a few days ago. It’s time for that,” Schumer said, referring to the c...

It seems like I've been ruminating over the past year about an ongoing unspoken constitutional crisis, for instance, here , the day after the June 27 debate debacle, where I compared the apparent coverup of Biden's decline to the final months of FDR's presidency: Roosevelt could pass away at any time after the 1945 inaugural and have Truman succeed him, although had he passed away before that date, his successor would have been Henry Wallace. As it happened, the country got lucky. The problem right now is that if Joe Biden leaves the presidency for any reason before next January 20, his successor is Kamala Harris. So right now, it looks as if congressional leadership got together and cobbled up a business-as-usual continuing resolution to avoid a government shutdown. They assumed that the congressional uniparty could be stampeded into passing it at the last minute to avvoid said shutdown, Biden as lame duck president would sign it, and the boodle would proceed unin...