Yesterday, as the GOP's latest Kabuki theater threat to shut down the government unless "ObamaCare" is defunded continued apace, investigative journalist Kurt Eichnwald tweeted: "How did the GOP persuade so many otherwise rational ppl that a system of private industry competition is government run healthcare?"

He then attempted to answer his own question in a second tweet: "How? How did the GOP do it? With endless streams of lies, dragged out 2 the gullible, from ppl fearful others will learn govnt can help ppl."

True. But the problem is both much worse and far more remarkable than that.

"You have probably heard that the reason people enjoy 'free healthcare' in Australia, in the U.K. and elsewhere is that they pay higher taxes," New York Times' best selling author and video blogger John Green proclaimed, as he openly acknowledged his effort to capture attention with "mind-blowing" facts.

"But, in fact, in the United States we spend more tax money, per capita, on healthcare than Germany, Australia, the United Kingdom or Canada," he explained. "That's right, you pay more in taxes for healthcare than you would if you were British. And in exchange for those taxes, you get...no healthcare."

(Green's "mind-blowing" facts tactic appears to have worked. The video, embedded in full below, has been viewed nearly 3.5 million times since it was published on YouTube last month.)

Green underscored his rant about the outrageous per capita price for health care in the U.S. with an on-screen chart detailing how both public and private per capita healthcare expenditures in the U.S., in 2007, far exceeded such expenditures in those other countries...

Today, President Obama offered an address to mark the fifth anniversary of the Lehman Brothers bankruptcy and the beginning of the 2008 collapse of the Wall Street casino or, as the President described it, "the worst economic crisis of our lifetimes." (He also spoke briefly, at the top of his remarks, on our latest mass shooting rampage which took place at the Washington D.C. Navy Yard this morning, reportedly resulting, in the deaths of at least 12 people at the military installation.)

"It was five years ago, this week, that the financial crisis rocked Wall Street, and sent an economy already into recession, into a tail spin," Obama reminded us. "And it's hard sometimes to remember everything that happened during those --- those months, but in a matter of a frightening few days and weeks, some of the largest investment banks in the world failed, stock markets plunged, banks stopped lending to families and small businesses, our auto industry --- the heartbeat of American manufacturing --- was flat-lining."

The President went on to tout the reforms and the recovery that have taken place since that time, arguing that "we’ve cleared away the rubble from the financial crisis and we’ve begun to lay a new foundation for economic growth and prosperity," while conceding "we are not yet where we need to be."

"Most of the gains have gone to the top one-tenth of 1 percent," Obama correctly noted. "So, in many ways, the trends that have taken hold over the past few decades of a winner-take-all economy, where a few do better and better and better, while everybody else just treads water or loses ground, those trends have been made worse by the recession."

Over the weekend, the 40-year old advocacy group, Public Citizen, marked the same occasion of the fifth anniversary of the 2008 crash with an email blast highlighting a few numbers the President did not highlight in his remarks today, including a few jarring stats that remind us how and why, despite the modest recovery and incredibly tepid reforms of the past five years, the "too big to fail" foxes still remain firmly in charge of America's economic hen house...

Should be a fun month. Sigh...

[Hat-tip longtime BRAD BLOG Toon Sherpa Pokey Anderson]

92-year-old William Allison at today's march with the same sign he used in 1963! --> pic via: @TheObamaDiary #MOW50 pic.twitter.com/Hwg8cJqdjh

— Eric Wolfson (@ericwolfson) August 24, 2013

Last year, in a petition to President Barack Obama, the advocacy group Change.Org described Edward J. DeMarco, a holdover from the Bush Administration who still serves as Acting Directer of the Federal Housing Finance Agency (FHFA), as "the single largest obstacle to meaningful economic recovery."

The FHFA controls the government-sponsored mortgage giants, Fannie Mae and Freddie Mac, which own 60% of all mortgages in the United States.

Around the time Change.Org began circulating its petition, New York Times' Nobel Prize winning economist Paul Krugman, called for President Obama to "Fire Ed DeMarco". The blog detailed how DeMarco had, in defiance of the Obama Administration, rejected a U.S. Treasury Department request "that he offer debt relief to troubled homeowners --- a request backed by an offer that the U.S. Treasury would pay up to 63 cents to the FHFA for every dollar of debt forgiven."

Treasury's request was rejected even though, as Krugman explained, "a reduction in debt burdens would strengthen the economy," creating "greater revenues" that could "offset any losses from the debt forgiveness itself."

The fact that a Bush holdover, who, for so many years, has been committed to protecting the same Wall Street casino --- the market created out of mortgaged backed securities --- whose collapse triggered what Krugman insists is now a "depression", is primarily due to the ability of Senate Republicans to block both of the nominations Obama finally made to replace him...

In this hilarious segment of The Daily Show (broken into three different clips online, sorry!), John Oliver first presents the case in favor of livable wages for fast food workers...

Next, Fox "News" --- and, most embarrassingly, Neil Cavuto --- unabashedly offer the (extraordinarily flawed) case against it...

Finally, Tracy Burns, also of Fox "News", offers the most embarrassing argument of all...

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IN TODAY'S RADIO REPORT: Another offshore drilling blowout in the Gulf; More tar sands oil spills in Alberta; Obama talks climate, clean energy and infrastructure; GOP just makes stuff up; Louisiana agency sues Big Oil over wetlands destruction; Young voters won't vote for climate change deniers; PLUS: Is the melting Arctic an "economic time bomb"? ... All that and more in today's Green News Report!

Got comments, tips, love letters, hate mail? Drop us a line at GreenNews@BradBlog.com or right here at the comments link below. All GNRs are always archived at GreenNews.BradBlog.com.

IN 'GREEN NEWS EXTRA' (see links below): Winter is the new summer in Australia; The new climate activists; Palo Alto switches 100% renewable energy; Frackfinder mapping tool needs your help; Obama admin caves to industry on fracking rules; Feds halt mining in designated solar zones; Buffet says coal in permanent decline; WA approves oil train export terminal; Reports on the death of Peak Oil are greatly exaggerated ... PLUS: NASA Video: This is your country in 2100 ... and much, MUCH more! ...

On this week's BradCast on KPFK/Pacifica Radio, we spent zero time on the royal baby or Anthony Weiner! You're welcome!

Instead, economic policy reporter/muckraker David Dayen joined me for a quick discussion about Obama's "big" economic speech at Knox College in IL on Wednesday afternoon; Then it was on to Sen. Ron Wyden's Tuesday warning about NSA "secret" surveillance laws (and we took a bunch of great listener phone calls along with it); We spent some time on the high-ranking Kentucky election official fraudsters convicted of 156 years but now ordered by an appellate court to receive a new trial and the massive voter suppression legislation moving its way through the North Carolina statehouse; and more!

It was a very lively show! Enjoy!

Download MP3 or listen online below [appx 58 mins]...

Before their recess for the July 4th holiday, the U.S. House rejected what has, for decades, been largely a no-brainer for the United States Congress: the federal farm subsidies bill.

This year, however, with a Congress as dysfunctional as it has ever been, even that legislative "gimme" has been stymied, for now, by the far Right Republican caucus hoping to slash even more of the food stamp benefits included the bill, and by progressive Democrats furious about cuts to the federal food assistance program that the GOP-controlled House already managed to write into it.

Before the break, the bill was defeated by a 195 to 234 vote margin in what served as a humiliating embarrassment for House Speaker John Boehner. But the $939 billion bill --- which includes both subsidies to farmers (mostly to "Big Ag") and federal food stamp program appropriations --- will soon be coming back, whether Boehner likes it or not.

And, before its return, the hypocrisy embedded in the "Tea Party" caucus' opposition to the bill needs to be highlighted. That hypocrisy is almost certainly best exemplified by one Rep. Stephen Fincher (R-TN).

Even the ordinarily staid New York Times was taken aback by the level of Fincher's hypocrisy that emerged when he quoted the Bible as justification for slashing food stamp benefits for the poor. He claims that assistance, somehow, amount to theft.

But the facts of Fincher's argument are even more embarrassing than that. The Times notes that Fincher himself has "collected nearly $3.5 million in subsidies from 1999 to 2012" in federal support for his 3,000 acre family farm.

"In 2012 alone, the data shows, Mr. Fincher received about $70,000 in direct payments, money that is given to farmers and farmland owners, even if they do not grow crops."

Even more remarkably, his argument in favor of cutting $20 billion in food stamps came during a debate over the bill in a U.S. House sub-committee which voted to increase subsidies to farmers by $9 billion in the wake of last year's record drought. That, of course, was before the reality of his own reliance on federal funding for his family farm was brought to light by the media...

"The TPP is nicknamed 'NAFTA on steroids.'", Rep. Alan Grayson (D-FL) wrote in a recent email to supporters, explaining what he saw after being allowed to review some of the text of the new, extremely broad, and very classified trade agreement being hammered out behind close doors. "Now that I've read it, I can see why," he added.

His email suggests just how far down the secrecy rabbit hole our nation has traveled, not just in our massive classified surveillance state, parts of which are presently being revealed by former NSA contractor turned whistleblower Edward Snowden, but even in our so-called "free trade agreements" being negotiated, supposedly, on our behalf.

As Grayson warned after reviewing part of the new agreement last month: "There is no national security purpose in keeping this text secret...This agreement hands the sovereignty of our country over to corporate interests"...

I had the pleasure of guest hosting for Ed Schultz today on his radio show.

It was my first time hosting for Big Eddie, after being a guest on his show at various times over many years. We had much fun today in the bargain! My thanks to him and his crew for so generously and helpfully welcoming me aboard. My thanks also to the folks at my radio home base, KPFK/Pacifica Radio in Los Angeles, for helping us pull it all off at very short notice.

I hope you'll have fun as well, listening to the show, if you missed it live today. The entire program is archived below (sans commercials!)

My guests included three great, independent, progressive journalists (four, if you include Desi Doyen, who also joined us, as usual):

• MARCY WHEELER , from EmptyWheel.net with the latest on today's House Intel Oversight hearing on Edward Snowden's NSA disclosures.
• ARI BERMAN from The Nation to discuss the this week's Supreme Court rulings on Voting Rights and Voter registration.
• DAVID DAYEN, formerly of Firedoglake.com on his new, disturbing article in the New Republic on how mortgage service providers are strong-arming the victims of the Moore, OK tornado (and other recent natural disasters).
• PLUS! A whole bunch of other stuff, a lot of calls, and plenty of thoughts (and occasional rants) on the surveillance state and the politics of it all. As one very generous emailer wrote me after the show: "You cut right through this unfortunate 'where does that leave the President?' talk." --- Well, good! That was my hope!

The audio archives of today's show follow below. Enjoy!

While the U.S. corporate-owned media misdirect our attention by focusing on various pretend "scandals", the Obama administration has quietly sought "fast track authority" to secretly negotiate and ram through Congress the Trans-Pacific Partnership (TPP).

The TPP is a NAFTA-like "free trade" agreement that not only threatens our national sovereignty, but aspires to supplant the sovereignty of all participating nation-states with a privately-controlled, all encompassing, corporate, global "investor state". The "investor-state" finds its embodiment in the creation of arbitration tribunals which are granted the power to negate the effectiveness of laws passed by individual nation-states.

As explained by Margaret Flowers and Kevin Zeese, through TPP, U.S. corporations and their K-Street lobbyists seek to by-pass the legislative process and democratic accountability in order to undermine Internet freedom, U.S. environmental laws and regulations and local laws protecting the health and safety of our citizenry. "Many of those corporations that have failed to get what they want from Congress are now getting their way through the secret back door of the TPP," they write. Sen. Elizabeth Warren (D-MA) has also issued a warning that Wall Street is attempting to gut Dodd-Frank through trade agreements such as TPP.

But, as government watchdog group Public Citizen observes, TPP --- which is now augmented by a joint U.S./E.U. call for a similar Transatlantic Free Trade Agreement --- threatens not only U.S. sovereignty but the ability of all nations to protect their own citizenry through the expansion of an already "notorious investor-state system". Such a system allows ethically compromised international business arbitration tribunals to compel nation-states to fork over "taxpayer-funded" penalties to predominantly U.S.-based, multinational corporations as the result of "domestic regulatory frameworks concerning nuclear energy and currency stability, revocation of mining and oil licenses (often in response to contract violations), and numerous other government measures affecting public health, financial stability, access to essential services and the environment."

What, you hadn't heard about this? Perhaps because the corporate media, and both major political parties, would prefer you keep your eyes on the shiny, pretend objects (Benghazi "scandal"! IRS "scandal"!) rather than the policies supported by both parties that will actually have a very real impact on your life and our country...

Recall that "massive budget deficit!!!" which was to be the death of our nation, as Republicans described it during the 2012 election cycle? Yes, the $1.4 trillion deficit inherited by Obama has been cut by more than half, according to the latest projection, and has all but returned to the size of Bush's second-to-last budget deficit prior to the global economic meltdown. (See CORRECTION/CLARIFICATION at end of story below for more details.) But it seems, for some reason, the GOP forget to tell people, for some reason...

While the rapidly disappearing deficit seen above is not necessarily a good thing --- at least for those interested in putting people back to work and the overall long-term health of the economy that would otherwise come with smart federal investments right now --- you'd think Republicans would be celebrating. But, of course, they're not, because they don't care now, nor have they ever, about budget deficits --- unless they can be used as a blunt object to try and harm their political opponents.

Rachel Maddow offered more last night on the chart above. Video follows below...

Apparently, we were wrong last March, when we interpreted Attorney General Eric Holder's Congressional testimony to mean that the big banks were just "too big to jail".

"I am concerned that the size of some of these institutions becomes so large that it does become difficult for us to prosecute them when we are hit with indications that if you do prosecute, if you do bring a criminal charge, it will have a negative impact on the national economy, perhaps even the world economy. And I think that is a function of the fact that some of these institutions have become too large," Holder testified at the time.

"It has an inhibiting influence --- impact --- on our ability to bring resolutions that I think would be more appropriate," he continued. "So, the concern that you raise is actually one that I share."

That's what he said in March. But apparently, despite that, he now says, banks are not too big to jail. That's what Holder "very, very, very" much wants us now to believe, according to his testimony in Congress today...

With the U.S. stock market hitting all-time record highs again of late, it'd be understandable for some to think strength and confidence has returned to the stock exchange.

But if today's mid-day "flash crash" --- which saw the S&P Index lose $136 billion in a matter of four minutes as AP's Twitter feed was hacked to announce, inaccurately, that a bomb had gone off in the White House --- is any indication, that's hardly the case...

You'll be delighted to know, of course, that the same casino, stock market immediately gained almost all of its losses back in almost the same amount of time it took to lose them, ultimately ending the day at another near-record high. Step right up!