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Jon Erik Kingstad

Afton, MN
Commenter for
4 years 14 weeks

Recent Comments

Posted on 07/31/14 at 09:38 am in response to David Cobb on how corporations are stealing our self-governing rights

I did not say "close the banks due to technical violations of banking laws." I said there is sufficient evidence known publicly to have warranted criminal prosecutions for serious violations of criminal law.

Your question reminds me of the old riddle:" Why doth treason prosper? Because if it prosper, none dare call it treason."

Posted on 07/30/14 at 06:19 pm in response to David Cobb on how corporations are stealing our self-governing rights

I'd turn the question to "what corporations should NOT have their charters revoked?"

Let's start with some of the biggies: JP Morgan Chase, Citicorp, Goldman Sachs, Bank of America and Wells Fargo.

There have been a series of watered down "consent decrees" entered against the major banking/investment banking/insurance firms (they are all the same after the repeal of Glass-Steagall) for technical violations of banking regulations. There have been no major RICO or antitrust...

Posted on 08/02/14 at 08:39 pm in response to David Cobb on how corporations are stealing our self-governing rights

Apology accepted but maybe I was not clear.

A bank is no different from any other incorporated entity. If any incorporated entity engages in criminal conduct. it should have its charter revoked. Revocation or cancellation of a corporate charter is not a criminal sanction but a civil or administrative one. But revocation of a corporate charter is a sanction for violation of a criminal law.

Maybe you need to explain why you seem to believe "revocation of a corporate charter" is...

Eric is right to look at the issue of federal deficits in historical and long term future perspectives. But I don't think that should be any reason to succumb to any degree of deficit hawkness because, as Prof. Krugman has stated time and again, the deficit is not a problem today or the foreseeable future. Prof. Krugman has made many significant contributions to economic discussion and debate today, above and beyond his contributions as a scholar for which he won the Nobel Prize. His main...

Posted on 07/21/14 at 03:13 pm in response to Considering Thomas Piketty, inequality and family fragmentation

Maybe there's a real connection between the two or three ideas discussed in his commentary but I'm not persuaded Mr. Pearlstein's has succeeded in making them in this brief commentary. The topic of what he defines as "family fragmentation" is probably book in itself. Since Mr. Pearlstein has written such a book apparently, I'll leave that aside for the moment.

What does "family fragmentation" have to do with Thomas Piketty's take on "Capitalism in the 21st Century."? I haven't yet...

Posted on 07/15/14 at 11:30 am in response to Poll: 68 percent of Republicans say Obama should be impeached

but it wasn't until Clinton was impeached that it became clear that "it's only OK if you are a Republican." There is no crime or misdemeanor committed by a Republican president or his "minions" that any Republican would consider impeachable. The corollary to that rule is that not being a Republican President is itself an impeachable "crime and misdemeanor." The only reason the Republican House is waiting to impeach Obama is to see if they have a majority in the Senate after November so they...

Posted on 07/15/14 at 01:48 pm in response to Poll: 68 percent of Republicans say Obama should be impeached

was the name to the affair which involved Reagan not Nixon. Reagan, Bush, Poindexter, North, and a number of others committed "high crimes and misdemeanors" in dealing with Iran and the CIA sponsored contras in Nicaragua.

Any comparison of Nixon and Obama is specious. Nixon actually used the IRS to punish his political enemies. If you are referring to the threatened revocation of a tax exempt status from a 501 (c)(3) entity that is being used fraudulently to funnel political funds,...

Posted on 07/15/14 at 04:21 pm in response to Poll: 68 percent of Republicans say Obama should be impeached

Republicans only see "blatant abuse of power" when it's not them wielding it or, according to the corollary rule, when anyone not a card-carrying Republican has it. When Dick Cheney has his oil and gas industry buddies to the White House in secret meetings and agrees to exempt his old firm Halliburton and its fracking patent from the Safe Drinking Water Act, that's not any abuse of power at all. Or when President G.W Bush pressures US Attorneys to investigate and prosecute trumped up claims...

Posted on 07/13/14 at 09:53 am in response to The Minneapolis housing boom, explained

The simple logic of supply and demand does not provide any adequate explanation for the existence and persistence of high rents. For many years there has been an oversupply, not to say, glut, of commercial office space available in the Twin Cities. That may still be today. By the logic of supply and demand, the rents for commercial office space ought to have been collapsing as landlords outbid one another for scarce renters. That has not happened. Or you see the construction of new strip...

Posted on 07/07/14 at 11:07 pm in response to How does the Supreme Court nullify thee? Let us count the ways

It is indeed wrong to assume or attribute malice to those with whom we disagree. And indeed, it is true that every justice brings their own life experiences to bear upon decisions that they are expected to make. But I think we generally assume that the justices will at least make some effort to suppress their conscious impulses to allow their biases or personal religious convictions to override common sense.

The Hobby Lobby decision is a case where that did not happen. Let's look at...