By now I figure most of you are partying or hanging with your families for Christmas Eve, but for those of you who’re snowed in or just too big a bunch of political junkies to get through the day without a fix, here’re my thoughts on the passage of the health care bill in the [...]
You probably heard over the weekend through various surrogates (including Kathleen Sebelius of the HHS and Obama’s own press secretary Robert Gibbs) that the White House was willing to take the public option–a government-run health insurance./care program that would accept anyone, regardless of preexisting conditions or limitations–off the table in the debate over health care [...]
Two must-read articles came my way today detailing how the financial industry has successfully engineered a coup of the government, holding it hostage for its every whim.
First, here’s Marcy Wheeler detailing how the same banks who took taxpayer money are now forcing the automakers to accept draconian bankruptcy terms.
Then read Glenn Greenwald’s lacerating account of [...]
By now you’re probably familiar with the brazen outrage that is AIG giving billions in bonuses (paid with taxpayer money) to the very executives responsible for a very large part of the financial crisis — the creation and sale of credit default swaps. The amount is so staggering it bears repeating–after receiving $170 million in [...]
….same as the old boss:
I just received confirmation from a congressional aide that Senate Banking Chair Chris Dodd will notto provide increased conditions, transparency and oversight on the second $350 billion of the Wall Street bailout money (otherwise known as TARP). introduce legislation in the Senate to mirror House Finance Chair Barney Frank’s bill, [...]
So the talks to lend automakers money to survive broke down last night, leading to the expected misery on Wall Street this morning. The spin on the cable news shows and in the corporate press was that it was all the unions’ fault for having the temerity to demand honest money for honest work, rather [...]
Following up on my post from yesterday, this article from TechPresident effectively encapsulates the slightly schizophrenic reactions you find among the left to Obama’s choices to run his government:
Yet, Obama’s moves so far are exactly what he promised -
“change” was regime change, a new style, and the involvement of more
Americans in the promise of the [...]
This, as they say, is change you can believe in:
Senate Majority Leader Harry Reid and Speaker Nancy Pelosi announced today the appointment of members to the Congressional Oversight Panel, which will review and report to Congress on the current state of the financial markets and the regulatory system.
The panel is required to submit [...]
When you give an unelected official in the most corrupt Presidential administration in modern history virtually unlimited power to control over $700 billion dollars worth of taxpayer money, with no oversight whatsoever, you shouldn’t be surprised when he decides to change the rules of the game on you:
The Bush administration dropped the centerpiece of its [...]
By now most of you have heard that Rahm Emanuel has accepted the job as Obama’s chief of staff. This is a telling move that will set the tone for what kind of administration Obama wants. Rahm is a pro-Israel hawk, big business kind of guy who I disagree with politically. But by taking him [...]
