Author: HL

  • A Short Citizen’s Guide to Reforming Wall Street

    A Short Citizen’s Guide to Reforming Wall Street
    The real scandal isn’t the Street’s unlawful acts (i.e., Securities and Exchange Commission vs. Goldman Sachs) but legal acts that have reaped the Street a bonanza and nearly sunk the rest of us. It’s good we finally have an SEC…


    Wall StreetGoldman SachsBusinessInvestingLaw

    The Return of Book Club!
    I’m very happy to re-introduce regular book clubs to TPMCafe, one of my favorite features of the site. We’re kicking things off with a discussion on Supreme Power: Franklin Roosevelt vs. The Supreme Court by Jeff Shesol, a former…



    Franklin D. RooseveltSupreme Court of the United StatesUnited StatesJeff ShesolSupreme Court

    Mitch McConnell Gets it Wrong
    CANDY CROWLEY (CNN, Sunday): The president says you are being deceptive in describing this bill. MCCONNELL: Well, Candy … there is a bailout fund in the bill that was reported out of the Banking Committee, the partisan bill that came…



    Mitch McConnellWall StreetCNNCANDY CROWLEYSenate

  • Cheney: Telling Leahy to ?f*ck? himself was ‘sort of the best thing I ever did.?

    Cheney: Telling Leahy to ?f*ck? himself was ‘sort of the best thing I ever did.?
    In 2004, then-Vice President Dick Cheney had a “frank exchange of views” with Sen. Patrick Leahy (D-VT) on the Senate floor over Cheney’s ties to Halliburton and President Bush’s judicial nominees. Cheney ended the argument by telling Leahy, “F*ck yourself.” Since then, Cheney has joked about the incident and claimed the Leahy “merited” it because […]

    cheneysquare.jpgIn 2004, then-Vice President Dick Cheney had a “frank exchange of views” with Sen. Patrick Leahy (D-VT) on the Senate floor over Cheney’s ties to Halliburton and President Bush’s judicial nominees. Cheney ended the argument by telling Leahy, “F*ck yourself.” Since then, Cheney has joked about the incident and claimed the Leahy “merited” it because he was “close” to kissing him. On Dennis Miller’s radio show today, Cheney suggested that his Leahy f-bomb was “the best thing” he had ever done:

    MILLER: By the way, my, I also want to thank you, on the list of things I feel I should thank you for, almost kicking Patrick Leahy’s ass. Thank you very much.

    CHENEY: Hehehehe.

    MILLER: I love that move. One of my favorite stories. Muttering that.

    CHENEY: You’d be surprised how many people liked that. That’s sort of the best thing I ever did.

    Listen here:

    Cheney is right that conservatives “liked” his expletive exchange with Leahy. Bill Kristol once said on Fox News that Cheney’s comments represented “a beautiful statement, really, of justice.”

    Franklin Graham affirms concerns of critics, appears on Fox to proselytize against Muslims.
    As ThinkProgress reported yesterday, groups like the Military Religious Freedom Foundation are protesting an upcoming speech by evangelist Franklin Graham, who will deliver a lecture on National Prayer Day at the Pentagon. The groups object to Graham’s speech because of his past history of hate speech against Muslims. This morning, Graham appeared on Fox and […]

    As ThinkProgress reported yesterday, groups like the Military Religious Freedom Foundation are protesting an upcoming speech by evangelist Franklin Graham, who will deliver a lecture on National Prayer Day at the Pentagon. The groups object to Graham’s speech because of his past history of hate speech against Muslims. This morning, Graham appeared on Fox and Friends to defend his upcoming appearance at the Pentagon. When asked about his views on Islam, Graham affirmed the concerns of critics, saying that he was speaking out “for those who are enslaved under Islam” and implored Muslims to convert to Christianity:

    GRAHAM: First of all, I want Muslims to know that I love them …. They don’t have to die in a car bomb they don’t have to die in some kind of a holy war to be accepted by God … But when you look at Islam, I love the people of Islam but the religion I do not agree with the religion at all and if you look at what the religion does to women and the women alone it is horrid. And so yes I speak out for women, I speak out for people who live under Islam, who are enslaved under Islam, and I want them to know they can be free by Jesus Christ and Jesus Christ alone.

    Watch it:

    Yesterday, a military spokesman said that it is considering withdrawing Graham’s invitation. Army Col. Tom Collins told the Associated Press that withdrawing the invitation is “on the table.” The Defense Department estimated that 3,409 Muslims actively served in the U.S. military as of April 2008.

  • Obama makes a strong case for financial reform

    Obama makes a strong case for financial reform
    NEW YORK — President Obama’s assertive stride into the debate on financial regulatory reform stands in marked contrast to the messy health-care battle that consumed most of the past year. It also represents a crucial part of a political strategy that — at least so far — appears to be moving a …

    Salt talks
    Barack Obama has to worry about Afghanistan, Iraq, a Supreme Court vacancy, mining safety, unemployment, Wall Street regulation, making his health-care law work and a few dozen other things.

    SEC divided on vote to file Goldman lawsuit
    Behind closed doors, the two Republican members of the Securities and Exchange Commission sharply questioned senior investigators last week about whether the evidence they had assembled was strong enough to file a fraud case against Goldman Sachs, according to current and former SEC officials fam…

    Obama plan to end much of Constellation program angers Republican senators
    NASA’s administrator faced sharp and often hostile criticism and questioning from Republican senators Thursday as he defended President Obama’s plan to dramatically change the agency’s human space exploration program.

  • Independent’s Day?

    Independent’s Day?
    Remember all the media talk of Democratic Civil Wars in Connecticut in 2006? Well, guess where such things wont’ be said about Republicans in 2010 as it actually happens?

    Cock-a-doodle-Duds

    Well, many folks have been saying this for sometime, the Great Orange Satan from his great orange lair comes to mind, but it is being reported Charlie Christ is about to go all ‘independent’ down in Florida.

    Reliable sources informed me today that embattled Florida Gov. Charlie Crist, whose early lead in his US Senate Republican primary race against former Florida House Speaker Marco Rubio has essentially reversed itself in the polls, is preparing to announce sooner rather than later that he will leave the GOP and continue his run for Senate as an independent.

    Leaving Marco Rubio to surround himself with a crazier GOP base (and a few Internal Revenue agents). With his Party credit card being put on hold, I understand that Rubio is attempting to buy Crist off the new/old fangled, Republican-way — and that’s going to take a KFC-sized load of chickens (maybe a few of those new non-sandwiches too).

    Maybe Kendrick Meek will toss in a few to help Charlie fly the coop?

    (pic from here)

    Early Morning Swim: Chris Hayes Explains Why the GOP Folded on FinReg
    Is our Democrats learning?

    Is our Democrats learning?

    Within 48 hours, the Republican line on financial regulatory reform went from “filibuster” to “we’re very close to a deal.” Why the shift? Republicans and Democrats will offer up spin all day, chalking up the progress to their own doggedness, but in the end it comes down to a simple reality. Key Republicans, sincere about passing new rules for Wall Street, but intimidated by the notion of blocking financial regulatory reform, let it be known to their leadership that, at some point, they would side with Democrats to break a filibuster. Maybe not on round one, or even round two. But eventually.

    Funny what happens when you don’t make tons of concessions in advance.

    Late Late Night FDL: Piss off Osama, Legalize Marijuana
    Featuring the latest from Angus and Julia Stone and Sharon Jones and The Dap-Kings.

    Featuring the latest from Angus and Julia Stone and Sharon Jones and The Dap-Kings.

    What’s on your mind tonight?

  • Why Financial Reform Will Be Easier Than Health Care

    Why Financial Reform Will Be Easier Than Health Care
    For the first time in Obama’s presidency, Republicans are uncertain as to whether resolute opposition to a Democratic idea is in their political interest. By E.J. Dionne

    For the first time in Obama’s presidency, Republicans are uncertain as to whether resolute opposition to a Democratic idea is in their political interest.

    Related Entries


  • Stewart Acuff: Celebrate Earth Day, New Book “Getting America Back to Work” Connects Good Environmental Policy to Good Economic Policy on Eve of Climate Change Legislation Introduction in U.S. Senate

    Stewart Acuff: Celebrate Earth Day, New Book “Getting America Back to Work” Connects Good Environmental Policy to Good Economic Policy on Eve of Climate Change Legislation Introduction in U.S. Senate
    Next week we expect Climate Change legislation to be introduced in the U.S. Senate. The legislation will move our country to significant investment in green…

    William Bradley: California Story: Brown, Boxer, and (Un)convention(al) Politics
    Big developments in the past few days make it clear why California has the biggest races in the country this year, with President Barack Obama…

    Chris Weigant: Where Tea Partiers Live
    PBS’s NewsHour and the Christian Science Monitor have created an interactive map showing the geographic distribution of self-identified Tea Partiers. It reveals some interesting truths about the movement — and the GOP’s future.

    HuffPost TV: Roy Sekoff: ‘Diversity’ Would Be Supreme Court Justice Who’s For The Powerless (VIDEO)
    HuffPost editor Roy Sekoff appeared on “The Ed Show” Wednesday to talk about Obama’s next nominee for the U.S. Supreme Court. “Too many times,” Sekoff…

  • Right-wing media criticize financial reform with regurgitated myth that affordable housing caused financial crisis

    Right-wing media criticize financial reform with regurgitated myth that affordable housing caused financial crisis

    Criticizing Democratic efforts to reform regulation of the financial industry, right-wing media figures have begun repeating the myth that affordable housing initiatives are to blame for the 2008 financial crisis, pointing to the 1977 Community Reinvestment Act and Fannie Mae and Freddie Mac. Economists — including Federal Reserve Chairman Ben Bernanke — have strongly rejected this notion.

    Conservative media figures again heap blame on affordable-housing initiatives

    Hannity: “The problem came from … the Community Reinvestment Act.” On the April 20 edition of his Fox News show, Sean Hannity discussed the financial crisis and stated, “We’re going to repeat the problem we don’t understand.” He further claimed, “The problem came from this notion that everybody in America had a right to a house whether they could ever afford to pay their loan back. That’s what the Community Reinvestment Act was all about.”

    Limbaugh: Wall Street not to blame for “financial meltdown,” affordable housing is. On the April 20 edition of his radio program, Rush Limbaugh said that “the premise of this whole financial-regulatory reform bill” was that “Wall Street’s to blame for the financial meltdown, and it’s not.” He continued:

    Let’s go back to the premise of this whole financial-regulatory reform bill. The whole premise of this is that — is based on the fact that Wall Street’s to blame for the financial meltdown, and it’s not. Government is to blame for the meltdown. … It was these subprime mortgages that were required by the government to be lent — Community Redevelopment [sic] Act, or what have you. … So here, once again, we have people on Capitol Hill — Chris Dodd, who’s being shamefully retired from his seat in the Senate, Barney Frank over in the House, and any number of other people — Fannie Mae and Freddie Mac — who are the literal and real architects of the financial meltdown of last year.

    Perino: Fannie and Freddie “led to this crisis in the first place.” On the April 20 edition of Fox News’ Hannity, Fox News contributor Dana Perino claimed that financial reform would be a long-term problem for the administration, stating :

    If you look at the poll yesterday from Pew Research Center, 80 percent of the American people don’t trust the government, nor do they trust the other big institutions that are in their lives, including the banks. And at the end of the day, when they step back and you start peeling back the layers, anybody paying attention, they might watch President Obama’s speech on Thursday and be impressed, but then also they might realize that he was the one who was defending Fannie Mae and Freddie Mac that led to this crisis in the first place.

    WSJ’s Fund: Fannie and Freddie “got us into this housing mortgage mess.” On the April 19 edition of Fox News’ Happening Now, co-host Bill Hemmer asked whether “Republicans take a risk in opposing” financial regulatory reform. Wall Street Journal columnist John Fund responded:

    Sure. With 60 percent supporting more financial regulation, it is a risk. But I think if they say a few things that’ll — people might look a different way. Fannie Mae and Freddie Mac, which are the two federal entities that got us into this housing mortgage mess and led the other banks into making stupid mistakes, they’re not reformed by this bill. They get off scot-free.

    Experts reject claims that affordable housing initiatives caused the financial crisis

    Bernanke: Experience “runs counter to the charge that CRA was at the root of, or otherwise contributed in any substantive way to, the current mortgage difficulties.” In a November 25, 2008, letter, Federal Reserve chairman Ben Bernanke stated: “Our own experience with CRA over more than 30 years and recent analysis of available data, including data on subprime loan performance, runs counter to the charge that CRA was at the root of, or otherwise contributed in any substantive way to, the current mortgage difficulties.” Bernanke further wrote:

    Further, a recent Board staff analysis of the Home Mortgage Disclosure Act and other data sources does not find evidence that CRA caused high default levels in the subprime market.

    […]

    As the financial crisis has unfolded, many factors have been suggested as contributing to the current mortgage market difficulties. Among these are declining home values, incentives for originators to place loan quantity over quality, and inadequate risk management of complex financial instruments. The available evidence to date, however, does not lend support to the argument that CRA is to blame for causing the subprime mortgage crisis.

    SF Reserve Bank’s Yellen: “[S]tudies have shown that the CRA has increased the volume of responsible lending to low- and moderate-income households.” Janet Yellen, president and CEO of the Federal Reserve Bank of San Francisco, in a March 2008 speech criticized efforts to blame CRA lending for weaknesses in the mortgage market, stating:

    There has been a tendency to conflate the current problems in the subprime market with CRA-motivated lending, or with lending to low-income families in general. I believe it is very important to make a distinction between the two. Most of the loans made by depository institutions examined under the CRA have not been higher-priced loans, and studies have shown that the CRA has increased the volume of responsible lending to low- and moderate-income households. We should not view the current foreclosure trends as justification to abandon the goal of expanding access to credit among low-income households, since access to credit, and the subsequent ability to buy a home, remains one of the most important mechanisms we have to help low-income families build wealth over the long term.

    Slate’s Gross: “[t]he notion that the Community Reinvestment Act is somehow responsible for poor lending decisions is absurd.” In an October 7, 2008, Slate.com article, Daniel Gross, a business columnist for Newsweek and author of Dumb Money: How Our Greatest Financial Minds Bankrupted the Nation, criticized the notion that affordable housing initiatives caused the financial crisis, writing that “the notion that the Community Reinvestment Act is somehow responsible for poor lending decisions is absurd” and that “lending money to poor people and minorities isn’t inherently risky. There’s plenty of evidence that in fact it’s not that risky at all.” Gross further explained, “On the other hand, lending money recklessly to obscenely rich white guys … can be really risky. In fact, it’s even more risky, since they have a lot more borrowing capacity.”

    Economist Dean Baker: Claim that Fannie and Freddie “responsible for the financial disaster is absurd on its face.” Economist Dean Baker reported in September 2008 that the accusation that “the financial crisis is attributable to the close government relationship with Fannie Mae and Freddie Mac” is “obviously not true.” He further wrote:

    Fannie and Freddie got into subprime junk and helped fuel the housing bubble, but they were trailing the irrational exuberance of the private sector. They lost market share in the years 2002-2007, as the volume of private issue mortgage backed securities exploded. In short, while Fannie and Freddie were completely irresponsible in their lending practices, the claim that they were responsible for the financial disaster is absurd on its face — kind of like the claim that the earth is flat.

    Gross: Investment banks to blame for subprime loans. In an October 2008 Newsweek article, Daniel Gross wrote:

    There was a culture of stupid, reckless lending, of which Fannie Mae and Freddie Mac and the subprime lenders were an integral part. But the dumb lending virus originated in Greenwich, Ct., midtown Manhattan, and Southern California, not Eastchester, Brownsville, and Washington. Investment banks created a demand for subprime loans because they saw it as a new asset class that they could dominate. They made subprime loans for the same reason they made other loans: They could get paid for making the loans, for turning them into securities, and for trading them — frequently using borrowed capital.

    Former Lehman Brothers CEO Richard Fuld: Fannie and Freddie played “de minimis” role. Gross further reported that the following happened during testimony by Former Lehman Brothers CEO Richard Fuld before the House Committee on Oversight and Government Reform:

    At Monday’s hearing, Rep. John Mica, R-Fla., gamely tried to pin Lehman’s demise on Fannie and Freddie. After comparing Lehman’s small political contributions with Fannie and Freddie’s much larger ones, Mica asked Fuld what role Fannie and Freddie’s failure played in Lehman’s demise. Fuld’s response: “De minimis.”

    From Fuld’s testimony:

    MICA: And one of your big com — well, one of the big packagers, or the competitor, so to speak, was Fannie Mae, which was deep into this. And you were — you were dealing in some of the paper, I think, for secondary markets and other securitized mortgage paper, to basically package it and make money off it. Is that right?

    FULD: Yes, sir.

    MICA: What was Lehman Brothers’ exposure to the debt of Fannie Mae and Freddie Mac, and what role did their collapse play in precipitating some of your financial troubles?

    FULD: Our –

    MICA: It didn’t matter or you –

    FULD: Our exposure to both Fannie Mae and Freddie Mac was de minimis, sir.

  • Report: Feds Open Corruption Probe Of Massa

    Report: Feds Open Corruption Probe Of Massa
    Fresh off the announcement that the House ethics panel is looking into ex-Rep. Eric Massa (D-NY), the Washington Post drops a bombshell: the FBI is now investigating the disgraced former congressman as part of a corruption inquiry.

    GOPers Now Slam Mine Safety Agency — But Skipped Recent Mine Safety Hearing
    Republicans on a House committee are slamming the federal mine safety agency in the wake of that deadly explosion at a mine earlier this month. But when the panel held a hearing on mine safety in February, only one GOPer bothered to show up.

    Ensign Campaign’s Haul Last Quarter: 50 Bucks
    Sen. John Ensign’s re-election campaign took in just $50 in contributions, from one contributor, during the first quarter of 2010, according to FEC reports. The paltry take comes as more bad news for the scandal-tarred Nevada Republican.


  • Nevada’s Sue Lowden: Another Palin?

    Nevada’s Sue Lowden: Another Palin?
    Dem Sen. Harry Reid’s no prize package, but can you believe he’s losing to this babbling dimwit? See the video here. Las Vegas Sun article here.

  • Obama Has Played More Golf Than Bush

    Obama Has Played More Golf Than Bush
    President Obama “has played golf 32 times since he took office, eight more than his predecessor George W. Bush — who was mocked by the Left for his fondness for the game — did in his entire presidency,” the Daily Telegraph reports.

    Golf magazine: “The real story, is how golf seems to be used (by both sides of the political spectrum…or at least which ever side is out of power) as a sort of symbol for elitism and how out of touch the president is with the American public. The National Golf Foundation estimates that there are about 26.2 million Americans who like to unwind with a round of golf, and I think it’s safe to assume that very few of those people have as much on their minds as the POTUS.”

    Internal Probe Finds RNC Financial Controls in Disarray
    “Barely 6 1/2 months before the midterm elections, an internal investigation by the Republican National Committee has revealed that the organization is beset with questionable financial management and oversight and is spending more money courting top-dollar donors than it raises,” the Washington Times reports.

    “The investigation found that the Republican Party’s national governing body is losing money on its major-donors’ fundraising program — spending $1.09 for each $1.00 raised, according to RNC members privy to the investigation’s findings. It typically costs about 40 cents for every dollar raised from donors who give more than $1,000.”

  • Elie Wiesel’s Jerusalem

    Elie Wiesel’s Jerusalem
    Friday’s International Herald Tribune brought us two statements, the first, a full page ad by Elie Wiesel, explaining his (and presumably every Jew’s) attachment to Jerusalem, and second, a column by the Times’ Roger Cohen, explaining his (and presumably every…


    JerusalemIsraelElie WieselMiddle EastInternational Herald Tribune

    Annotating the Congressional Letter Affirming US-Israel Relations
    I received a note today reacting to a set of Congressional letters reaffirming US-Israel relations from Sama Adnan, executive director of the new political action committee advocating for Palestinian interests, NewPolicy.org. He notes that 24 US Senators and 102 House…


    Middle EastUnited StatesState of IsraelWarfare and ConflictIsrael-Palestine

  • DeMint: The tea party movement is a ‘spiritual revival.’

    DeMint: The tea party movement is a ‘spiritual revival.’
    Tea party favorite Sen. Jim DeMint (R-SC) said he sees a “spiritual” motivation behind the tea party movement. Telling the Christian Broadcasting Network’s David Brody today that “the bigger the government gets, the smaller God gets,” DeMint said there will be a growing “parallel spiritual revival” with the anti-tax movement, comparing it to the Great […]

    Tea party favorite Sen. Jim DeMint (R-SC) said he sees a “spiritual” motivation behind the tea party movement. Telling the Christian Broadcasting Network’s David Brody today that “the bigger the government gets, the smaller God gets,” DeMint said there will be a growing “parallel spiritual revival” with the anti-tax movement, comparing it to the Great Awakening religious movement that proceeded the American Revolution:

    DEMINT: I really think a lot of the motivation behind these Tea Party crowds is a spiritual component. I think it’s very akin to the Great Awakening before the American Revolution. A lot of our founders believed the American Revolution was won before we ever got into a fight with the British. It was a spiritual renewal. […]

    Well, I think people are seeing this massive government growing and they’re realizing that it’s the government that’s hurting us and I think they’re turning back to God in effect is our salvation and government is not our salvation and in fact more and more people see government as the problem and so I think some have been drawn in over the years to a dependency relationship with government and as the Bible says you can’t have two masters and I think as people pull back from that they look more to God. It’s no coincidence that socialist Europe is post-Christian because the bigger the government gets the smaller God gets and vice-versa. The bigger God gets the smaller people want their government because they’re yearning for freedom.

    Watch it:

    Indeed, a recent New York Times/CBS News poll of tea party supporters found they are more religious than most Americans, with 38 percent saying they attend religious services every week, compared to 27 percent of all people polled. However, they were overwhelmingly concerned with economic issues, not social ones, with only three percent saying “religious values,” and only two percent saying “moral values,” were the “most important problem facing the country today.”

  • The Fix: Dem committees hold big cash lead over GOP

    The Fix: Dem committees hold big cash lead over GOP
    1. The three Democratic campaign committees ended March with approximately $22 million more in the bank than their Republican counterparts, a financial edge that party strategists hope will insulate them from considerable losses in the coming midterm elections.

    Obama to meet with top lawmakers to discuss Supreme Court selection
    Can Congress convince President Obama to pick a non-judge for the Supreme Court?

  • Setting the Trap on Iran

    Setting the Trap on Iran
    David Ignatius, Washington Post
    WASHINGTON — The Obama administration's goal as it devises sanctions for Iran is to build a sticky trap — so that the harder the Iranians try to wriggle out of the sanctions, the more tightly they will be caught in the snare.It's a clever idea. But even if it works with mousetrap precision, it's unlikely to stop the Iranian nuclear program. That's why Defense Secretary Bob Gates and other officials are pressing to explore the “what-ifs” about Iran — and to accelerate planning for contingencies that could arise as the confrontation deepens.  

    Will British Politics Be Changed Forever?
    Jonathan Freedland, Guardian
    The Lib Dem boom has left seasoned strategists baffled. This alien new world is full of deep craters for all partiesSuddenly British politics has gone Hollywood. That's not a reference to pin-up boy Clegg but rather to the old William Goldman maxim about the film industry: “No one knows anything.” Talk to those whose opinions ordinarily come armour-plated and they'll admit they're flailing.Fifteen days out from a general election, such folk usually have a very clear sense of what will happen. Not this time. 

    What’s Missing From Dodd Bill
    Wallison, Johnson, Cowen, & Thoma, NYT
    President Obama will be in New York on Thursday to lobby for the Democrats' effort to overhaul financial regulations, as Senator Christopher Dodd, the chairman of the banking committee and sponsor of the legislation, and Treasury Secretary Timothy Geithner try to gain the support of centrist Congressional Republicans for the measure.So far Republican support is hard to come by, and, on the other side, some Democrats say the bill is not strong enough. What is wrong with the bill, from both perspectives? Are there ways to improve it?

    Congress Must Pass Comprehensive Climate Bill

  • The Party of Financial Responsibility

    The Party of Financial Responsibility
    Republicans have an ideological battle over financial reform.

    Well, it is a day ending in “Y”, that means there must be some tale of GOP fiscal management to discuss.

    The RNC spent more than $340K at a semi-annual meeting in Honolulu in Jan., the latest example of the party spending lavishly on itself while GOP officials worry they won’t have enough money to take advantage of a promising national landscape this fall…The $340K documented in FEC filings does not include airfare for each staffer, which could amount to tens of thousands more.

    That is more than they will spend in some key House races, including one that is contested in Hawaii.

    But we are talking about Republicans:

    Federal law enforcement agencies have launched a criminal investigation into the use of American Express cards issued by the Republican Party of Florida to elected officials and staff…the IRS is also looking at the tax records of at least three former party credit card holders — former Florida House Speaker Marco Rubio

    Oh no, not Teabagger heartthrob Scott Brown Marco Rubio!

    Fortunately, there is one Republican dedicated to real reform, Nevada Senate Candidate Sue Lowden.

    I’m telling you that this works. You know, before we all started having health care, in the olden days our grandparents, they would bring a chicken to the doctor…I’m not backing down from that system.

    Giving your chicken up for someone else to choke doesn’t sound like a great health care scheme, but it does sound like a typical RNC reimbursable expense.


  • Goldman Plays, We Pay

    Goldman Plays, We Pay
    The story of the financial debacle will end the way it began, with the super-hustlers from Goldman Sachs at the center of the action and profiting wildly. Never in U.S. history has one company wielded such destructive power over our political economy, irrespective of whether a Republican or a Democrat happened to be president.

    Goldman Sachs

    By Robert Scheer

    The story of the financial debacle will end the way it began, with the super-hustlers from Goldman Sachs at the center of the action and profiting wildly. Never in U.S. history has one company wielded such destructive power over our political economy, irrespective of whether a Republican or a Democrat happened to be president.

    Related Entries


    ‘Colbert Report’: The SEC Shafts Goldman Sachs
    Stephen Colbert is outraged at the Obama administration’s attempt to thwart banks’ promotion of risky investments. After all, risky investments are like risky sex, and “if you make the banks wear a condom, they won’t be able to feel it when they’re f*&#ing us over.”

    Colbert

    Stephen Colbert is outraged at the Obama administration’s attempt to thwart banks’ promotion of risky investments. After all, risky investments are like risky sex, and “if you make the banks wear a condom, they won’t be able to feel it when they’re f*&#ing us over.”

    Related Entries


  • Hispanic Lawmakers Disagree On Immigration Reform Strategy

    Hispanic Lawmakers Disagree On Immigration Reform Strategy
    A disconnect is growing among Hispanic lawmakers over the strategy for moving comprehensive immigration reform, with some pressuring President Barack Obama to push legislation this…

    Robert Reich: A Short Citizen’s Guide to Reforming Wall Street
    The Dodd bill now being considered in the Senate is a step in the right direction. Yet despite the hype, it’s a very modest step. It leaves out three of the most important things we need.

    Jeff Danziger: Goldman Profit

  • Limbaugh responds to Clinton with torrent of incendiary rhetoric

    Limbaugh responds to Clinton with torrent of incendiary rhetoric

    In recent days, President Bill Clinton has warned that incendiary rhetoric and “demonizing the government” incited domestic terrorism during his presidency and threatened to do so again. On his April 19 broadcast, Rush Limbaugh responded by unleashing a torrent of incendiary rhetoric, claiming that the Obama administration is “ripp[ing] apart” and “overthrow[ing]” the country and blaming Clinton for the Oklahoma City bombing and the September 11, 2001, terror attacks.

    Clinton: “Demonizing” gov’t, public servants can lead to domestic terror

    In an April 16 speech, Clinton said of the 1995 bomb attack on an Oklahoma City federal building:

    The second lesson we have to learn is that we can’t let the debate veer so far into hatred that we lose focus of our common humanity. It’s really important. We can’t ever fudge the fact that there is a basic line dividing criticism from violence or its advocacy. And the closer you get to the line, and the more responsibility you have, the more you have to think about the echo chamber in which your words resonate.

    Look, criticism is part of the lifeblood of democracy. Nobody’s right all the time. But Oklahoma City proved once again that, beyond the law, there is no freedom. And there is a difference between criticizing a policy or a politician and demonizing the government that guarantees our freedom and the public servants who implement them. And the more prominence you have in politics or media or some other pillar of life, the more you have to keep that in mind.

    […]

    But what we learned from Oklahoma City is not that we should gag each other or that we should reduce our passion for the positions we hold, but that the words we use really do matter because there are — there’s this vast echo chamber. And they go across space and they fall on the serious and the delirious, alike; they fall on the connected and the unhinged, alike. And I am not trying to muzzle anybody.

    But one of the things that the conservatives have always brought to the table in America is a reminder that no law can replace personal responsibility. And the more power you have, and the more influence you have, the more responsibility you have. Look, I’m glad they’re fighting over health care and everything else; let them have at it.

    But I think that all you have to do is read the paper every day to see how many people there are who are deeply, deeply troubled. We know, now, that there are people involved in groups — these “hatriot” groups, the Oath Keepers, the Three Percenters, the others — 99 percent of them will never do anything they shouldn’t do. But there are people who advocate violence and anticipate violence.

    […]

    When George Washington served his two terms and went home to Mount Vernon to retire and John Adams became president, he was called out of retirement one time. You know what it was? He was called out of retirement to command the Armed Forces sent to Pennsylvania to put down the Whiskey Rebellion, because good Americans who had fought for this country crossed the line from advocating a different policy and opposing the current one to taking the law into their own hands in a violent manner.

    Once in a while, over the last 200 years, we’ve crossed the line again. But by and large, that bright line has held, and that’s why this is the longest-lasting democracy in human history. That’s why there is so much free speech. That’s why people can organize their groups. It may seem like fringe groups that advocate whatever the livin’ Sam Hill they want to advocate. That’s why. But we have to keep the bright line alive. So that’s the second lesson.

    Clinton offered similar comments in an interview aired on the April 18 edition of ABC’s This Week and in an April 19 New York Times op-ed.

    Limbaugh says Obama administration is “authoritarian,” “overthrow[ing]” the country

    Limbaugh: “The country is being overthrown,” “ripped apart, transformed, right before our very eyes.” Limbaugh responded by arguing that Clinton’s comments were part of an effort to smear the tea party movement. He stated: “The reality is that it’s the Obama crowd that doesn’t like government, that doesn’t like the country. It’s the Obama crowd and all of their related groups that have been protesting for as long as I’ve been alive that don’t like the country; the tea party people love this country.” He added that the tea party people are just angry because the “country is being overthrown. The country is being ripped apart, transformed, right before our very eyes, and in a fraudulent manner.”

    Limbaugh: ” ‘Regime’ implies and defines authoritarian governments, which this one clearly is.” Responding to a critique of his use of the word “regime” to describe the Obama administration, Limbaugh explained that ” ‘regime’ implies and defines authoritarian governments, which this one clearly is.” 

    Limbaugh: “I am treated as an enemy of the state.” Limbaugh stated: “I, a guy on the radio who can’t raise anybody’s taxes, can’t send anybody off to war, I cannot do one thing — I can’t harm you economically, I can’t do a damn — I am treated as an enemy of the state.”

    Limbaugh: “Obama urges more opposition to us than he does Islamic terrorists.” Limbaugh stated: “I’m not saying that if we weren’t around they’d be beating Obama up. Don’t misunderstand. They would be full-throated supporters of Obama. But if we weren’t around it wouldn’t be this slavish, in the tank, sycophantic coverage. Because they now feel it necessary to defend themselves — and him — against us. Look at — Obama urges more opposition to us than he does Islamic terrorists.”

    Limbaugh blames Clinton for the Oklahoma City bombing, 9-11

    Limbaugh asks Clinton, “What words caused Timothy McVeigh to act,” says McVeigh was “outraged over the government invasion” in Waco. Responding to Clinton’s statement that “the words we use do really matter,” Limbaugh asked of Clinton: “What words caused Timothy McVeigh to act? Name one. I want to know what words and who spoke them. What are the words that Timothy McVeigh heard? What are the words he admitted that he heard that prompted him to act?” Limbaugh went on to say: “All I’ve ever heard is that Timothy McVeigh was outraged over the government invasion led by Janet Reno of the Branch Davidian compound in Waco, Texas. And the Murrah building was blown up on that exact date two years later. … Somebody show me the words, Mr. President, that McVeigh heard and caused him to act.”

    Limbaugh: “McVeigh was not inspired by anybody’s words, he was inspired by Mr. Clinton’s deeds.” Limbaugh said that “McVeigh was not inspired by anybody’s words, he was inspired by Mr. Clinton’s deeds. And this is what they’re trying to wash over; this is what they’re trying to erase from the historical record.”

    Limbaugh: Clinton has “ties to the domestic terrorism of Oklahoma City.” Limbaugh said that Clinton, the Obama administration, and the press can “try to make Oklahoma City the result of a modern tea party movement,” but “President Clinton’s ties to the domestic terrorism of Oklahoma City are tangible; talk radio’s ties are nonexistent. We had nothing to do with it.”

    Limbaugh: Because Clinton “ignored terrorism throughout the ’90s,” “the country was attacked on 9-11.” Limbaugh stated: “Let us not forget Bill Clinton ignored terrorism throughout the ’90s. As a result, the country was attacked on 9-11. Debra Burlingame with a great column in The Wall Street Journal today. It’s just not 9-11. How about the World Trade Center bombing in ‘93 on Clinton’s watch; the Khobar Towers on Clinton’s watch? There were so many acts of terrorism in this country and around the world on Clinton’s watch. He didn’t care about it. He didn’t fight — he wanted to take on hard issues — he loved that 65 percent approval number.”

    Limbaugh attacks Clinton for his role in “domestic violence,” “Waco invasion”

    Limbaugh says children at Waco “really got abused by the U.S. government.” Discussing the standoff at the Branch Davidian compound in Waco, Limbaugh said: “Sixty-seven people died in the fire — we remember watching it — 20 children. Janet Reno said we have to go in there because children are being abused. Yep. They really got abused by the U.S. government.”

    Limbaugh: “President Clinton … has had a direct and indirect role in so much pain and domestic violence.” Limbaugh stated: “So, throughout the ’90s, we are the victims of terrorism acts by people who Obama will not even call terrorists now. Bill Clinton and Janet Reno didn’t just threaten violence at Waco — they delivered it. As a result, American citizens — children, women, mothers — were killed. And what followed was a domestic terrorist bombing in Oklahoma City. And President Clinton, who has had a direct and indirect role in so much pain and domestic violence, lectures us about threats and acts of violence?”

    Limbaugh: OKC bombing was “about the U.S. military invading a religious compound.” Limbaugh told listeners, “Don’t forget that the Oklahoma City bombing occurred two years to the day after the Waco invasion — two years to the day — and Tim McVeigh as much as said so.” Continuing, Limbaugh said that Clinton was involved in “an attempt to rewrite the history of the Oklahoma City bombing and the president’s role in it. … They know this is about Waco. They know this is about the U.S. military invading a religious compound.” 

    Limbaugh: “You have President Clinton here simply lying about a terrible tragedy.” Limbaugh said: “You have President Clinton here simply lying about a terrible tragedy to try to chill free speech and libeling me and the tea party at the same time. It does not get more despicable than this.” 

    Limbaugh: Tea party is “the first time” that “everyday citizens” have “risen up” “since the Civil War”

    Limbaugh stated: “What is it that’s remarkable about the tea party is that it’s the first time an uprising of common, ordinary, average everyday citizens since the Civil War has risen up like this.”

  • SEC Enforcement Lawyer Who Quashed Stanford Probes Later Did Legal Work For Stanford

    SEC Enforcement Lawyer Who Quashed Stanford Probes Later Did Legal Work For Stanford
    Spencer Barasch, the chief of enforcement at the SEC’s Fort Worth office, who multiple times declined to pursue alleged Ponzi schemer Allen Stanford, later jumped ship to become a partner at a big private law firm where he proceeded to represent none other than ‘Sir’ Allen Stanford.


    Judge: Kwame Kilpatrick Violated Probation
    Disgraced former Detroit mayor Kwame Kilpatrick, now living in north Texas and working as a salesman for a tech company, may be headed for jail after a Michigan judge ruled today he violated his probation by not disclosing assets as required under a plea deal.


  • Obama Gets No Health Care Bounce

    Obama Gets No Health Care Bounce
    A new Quinnipiac poll finds President Obama’s job approval at 44%, his lowest approval rating since his inauguration.

    Notes pollster Peter Brown: “President Obama’s approval rating hovers at an all-time low. The White House had predicted passage of the health care overhaul would boost his fortunes, but that has not been the case, and that legislation itself remains decidedly unpopular.”

    The survey also finds that 53% of American voters are “very confident” or “somewhat confident” the president will make the right decision in nominating a U.S. Supreme Court justice, while 46% percent are “not too confident” or “not confident at all.”

    Five Senate Races the Tea Party Could Impact
    The Daily Caller looks at the five Senate primary races where the Tea Party may play the biggest role in determining the winner.

    They are: Nevada, Arizona, Kentucky, Florida and Utah.