ThinkFast: September 24, 2008
ThinkFast: September 24, 2008
The FBI has opened investigations into Fannie Mae, Freddie Mac, Lehman Brothers, and AIG, looking into whether “fraud helped cause some of the troubles” at these financial institutions. According to the FBI, these probes “are part of an effort to pursue allegations of higher-level fraud more sweeping than the retail-level infractions that have been at the center of most cases brought so far.”
91: Percentage of likely voters who say that the economy is “in bad shape,” according to a new Washington Post/ABC News poll. Fifty-eight percent of those polled described the economy as “poor” while 33 percent deemed it “not so good.” At the same time, “51 percent of registered voters say the economy’s in a serious long-term decline.”
The Senate approved billions of dollars in tax credits for renewable energy yesterday, in a package that will spare “more than 20 million taxpayers who would get hit by” the alternative minimum tax. The package also extended tax deductions for higher education costs and the child tax credit. The House could take up consideration of the bill today.
Sen. Harry Reid (D-NV) told the White House yesterday that it “must serve up support from Republican presidential nominee Sen. John McCain (R-AZ) if it hopes to ensure bipartisan backing for a massive economic bailout package by week’s end.” A top House Republican told ABC News, “If McCain doesn’t come out for this, it’s over.”
On the trail today: Barack Obama will discuss the economy in a campaign rally in Dunedin, FL. Joe Biden will deliver a foreign policy speech in Cincinnati. John McCain and Sarah Palin are in New York, meeting with U2 singer Bono, Georgian President Mikheil Saakashvili, and Ukrainian President Viktor Yushchenko.
Caving to political pressure, Democrats in Congress “decided to allow a quarter-century ban on drilling for oil off the Atlantic and Pacific coasts to expire next week.” House Minority Leader John Boehner (R-OH) called it “a big victory for Americans.”
Sen. Tom Coburn (R-OK) is the target of a YouTube video made by Senate Democrats, calling him out for objecting to a package of popular legislative items known as the “Coburn Omnibus.” In the video, Majority Leader Harry Reid (D-NV) brings up bill after popular-sounding bill as Coburn objects. Watch it here.
An alliance of “seven Western states and four Canadian provinces unveiled a blueprint” yesterday for “the most far-reaching effort in North America to curb emissions linked to climate change.” The Western Climate Initiative “is intended to achieve a 15 percent cut in greenhouse-gas emissions by 2020.”
Yesterday, Congress approved legislation that would “require private insurers to provide the same level of benefits for mental illness as they do for physical maladies, a change lauded by advocates as a great shift in the nation’s understanding of mental health.” The bill has strong bipartisan backing but the measure’s cost is the only “remaining obstacle.”
And finally: On Tuesday, Sen. Charles Grassley (R-IA) was on the Senate floor and “went on at length about the artwork on the cover of the trippy Pink Floyd album ‘Dark Side of the Moon’ and then quoted from popular stoner movie ‘Dude, Where’s My Car?’” Grassley stood before a “blown-up poster of the Pink Floyd album cover,” comparing the prism to compromise on tax legislation. Grassley then talked about energy conservation, stating, “I’d like to refer to Ashton Kutcher here, from Cedar Rapids, Iowa, saying ‘dude, where’s my car?’”
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Cent Talks to Naomi Klein about the Current Crisis
Are We Witnessing the Shock Doctrine in Effect? I know many of you have read her book and some are reading it now. The video was just released a day ago. Great Interview and the video is 8 minutes long. I thought you would like to hear what she has to say about the bailout.
Link to YouTube Video.
September 24th, 2008 at 9:00 amLink was great thanks.
September 24th, 2008 at 9:08 amNaomi speaks of Newt “The Lizard King” Gingrich’s 18 point plan to kill off America, so I figured everyone needed that too.
I am sure that the FBI will investigate quickly and fairly and that the Bush administration will punish those responsible. Also, I believe I will get that pony I was promised.
September 24th, 2008 at 9:08 amCan someone explain how a simple law like the bailout is even asking for a re-writing of the Constitution by blocking judicial review of a law? How can a law actually AMEND the Constitution?
September 24th, 2008 at 9:10 am“Caving to political pressure, Democrats in Congress “decided to allow a quarter-century ban on drilling for oil off the Atlantic and Pacific coasts to expire next week.” House Minority Leader John Beohner (R-OH) called it “a big victory for Americans.”
Caving. It’s what Democrats do.
September 24th, 2008 at 9:15 amSo, of what party is Harry Reid? You list him twice in ThinkFast today:
…Sen. Harry Reid (R-NV) told the White House yesterday that it “must serve up support from Republican presidential nominee Sen. John McCain (R-AZ) if it hopes…
…In the video, Majority Leader Harry Reid (D-NV) brings up bill…
September 24th, 2008 at 9:17 amYour Welcome Alecto :)
How can a law actually AMEND the Constitution?
Here is what you are looking for:
The United States Constitution is unusually difficult to amend. As spelled out in Article V, the Constitution can be amended in one of two ways. First, amendment can take place by a vote of two-thirds of both the House of Representatives and the Senate followed by a ratification of three-fourths of the various state legislatures (ratification by thirty-eight states would be required to ratify an amendment today). This first method of amendment is the only one used to date. Second, the Constitution might be amended by a Convention called for this purpose by two-thirds of the state legislatures, if the Convention’s proposed amendments are later ratified by three-fourths of the state legislatures.
In fact, only 27 amendments have been ratified since the Constitution became effective, and ten of those ratifications occurred almost immediately–as the Bill of Rights.
September 24th, 2008 at 9:18 am“The FBI has opened investigations into Fannie Mae, Freddie Mac, Lehman Brothers, and AIG, looking into whether “fraud helped cause some of the troubles” at these financial institutions. According to the FBI, these probes “are part of an effort to pursue allegations of higher-level fraud more sweeping than the retail-level infractions that have been at the center of most cases brought so far.”
This is to find a link to Obama.
September 24th, 2008 at 9:20 amIn my best West Side Story singing voice:
“Somehow
Someday
Somewhere…”
Good morning FR! ;-) I love Cenk’s passion when he feels strongly about an issue. I am in agreement with him and Naomi Klein about bailing out these corporate crooks. I must add, though, most of my friends and family disagree with me — they feel adding the conditions is acceptable. Now I have a new argument — do they really want to hand over 700 billion to “MR. Risk?” I don’t think so. Thanks for engaging my brain this early! (It’s 6:15 here on the west coast.)
September 24th, 2008 at 9:21 amDemocrats widen lead in battle for Congress
In a CNN/Opinion Research Corp. survey released Tuesday, 56 percent of those questioned are backing the Democratic candidate for Congress, while 42 percent support the Republicans.
LINK
September 24th, 2008 at 9:23 amThese crooks need to go to prison if found guilty.
September 24th, 2008 at 9:24 amThat’s the best way to protect the financial system, by not only bailing these corporations out,but also by having accountability at the top management.
If a good number of Savings & loans crooks who managed these failed institutions went to prison 20 years ago, probably we might not have this sub prime mortgage and Wall Street crisis on our hands today.
September 24th, 2008 at 9:27 am
Alecto Says:
Can someone explain how a simple law like the bailout is even asking for a re-writing of the Constitution by blocking judicial review of a law? How can a law actually AMEND the Constitution?
“Stop throwing the Constitution in my face, it’s just a goddamned piece of paper!”-George W. Bush
September 24th, 2008 at 9:29 amYo TP, fix this: Sen. Harry Reid (
September 24th, 2008 at 9:30 amRD-NV) told the White House yesterday that it “must serve upMSNBC posted options on the bailout plan. A PhD from MIT has other rationale plans instead of the Unconsitutional Administration plan. Did I say the Administration is treasonous, no not yet. Teh Treasonous Administration’s plan
http://www.msnbc.msn.com/id/26861562/
“One approach seeks to reduce taxpayers’ liability by offering collateral-backed loans to troubled banks, leaving them to work out their own solutions. Another idea is to have the government set up a profit-driven investment fund with the aim of infusing the financial system with cash without taking on bad debt. Still others suggest radically different tactics of directly helping homeowners by reducing mortgage principal or bolstering banks by suspending capital gains taxes.
The administration has said it is willing to negotiate key parts of its plan — including a possible concession allowing the government to take equity stakes in financial firms in exchange for bailing them out — but senior officials stand by the fundamental approach they have adopted to solve the crisis.
“They presented this as a comprehensive, decisive solution, but it’s clearly not comprehensive and probably not decisive,” said Simon Johnson, a former chief economist at the International Monetary Fund and a professor at Massachusetts Institute of Technology.
The cost of a mistake could be huge. It could result in a catastrophic collapse of the U.S. financial system that could ripple across the world or in a staggering clean-up bill for taxpayers. At the core of the debate is whether Paulson, the former chief executive of Goldman Sachs now charged with rescuing Wall Street as Treasury secretary, and Bernanke, the Federal Reserve chairman and one of the leading academics on financial crises, are serving up the best possible recipe for purging the U.S. financial system of billions of dollars worth of distressed mortgage-related debt.”
September 24th, 2008 at 9:30 amFreedom Rebel Says:
Cent Talks to Naomi Klein about the Current Crisis
Are We Witnessing the Shock Doctrine in Effect?
September 24th, 2008 at 9:00 am
_______
She’s on Democracy Now today, too.
September 24th, 2008 at 9:30 amThe bridge failed, but the ‘Road to Nowhere’ was built
The proposed $400 million span that would have connected the coastal city of Ketchikan to its airport on Gravina Island died after it became a symbol of congressional excess.
But the three-mile access road that was built on the island is ready for residents to take a drive to nowhere. It was paid for by some of the $223 million in federal funding that sparked ridicule among opponents of congressional “pork-barrel” spending.
LINK
So basically, she said yes to the money, then when politically motivated, “no” to the bridge, but kept the money anyway.
What a filthy whore.
September 24th, 2008 at 9:32 amToasterhead,
“They’ve drawn supporters including former President Jimmy Carter, Congressmember John Lewis, and the South African Archbishop Desmond Tutu.”
They also got Da POPE, and when Da POPE talks, you KNOW SCUMLIA listens. The goody two shoes altar boy that he was. Fcuking Fascist.
September 24th, 2008 at 9:33 amI like that:
Palin; a filthy whore.
September 24th, 2008 at 9:34 amPalin; a filthy whore.
Palin; a filthy whore.
Palin; a filthy whore.
So can they call the road to Nowhere..the Palin-drome?
September 24th, 2008 at 9:35 amIf I hear Paulson repeat the talking point “fixing the core problem” with a $700 billion bailout one more time …Well I am already hoarse from screaming at the TV. The core problem is NOT $700 billion in loss from bad investments. The core problem is the complete lack of regulation that allowed these financial institutions to run amok in the first place. If we are going to throw out money, how about bailing out individual investors/account holders up to $250,000 each (even if there is no type of insurance or guarantee) and let the company go. Don’t let any of these companies reopen until we have new rules and regulations in place. Come on Congress — do the job we hired you to do!
September 24th, 2008 at 9:35 amIf they spent $700 Billion on relieving AMerican citzens debt, this economy would take off like a rocket, bad Wall St. debt and all.
September 24th, 2008 at 9:38 amSen. Harry Reid (R-NV) told the White House yesterday that it “must serve up support from Republican presidential nominee Sen. John McCain (R-AZ)
That’s actually pretty clever of the Democrats. If they don’t do this, then John McCain will come in at the end, knowing it will pass, and vote against it. Then he can be the champion who was fighting for us taxpayers.
I actually think that Congress should demand the full participation of both Obama and McCain since whatever solution they come up with will have to be administered by the new President.
September 24th, 2008 at 9:40 am“Sen. Harry Reid (R-NV) told the White House yesterday…”
_________________________________________________________
When did Reid switch parties?
September 24th, 2008 at 9:40 amSorry, There is no “They”
They = Us.
My bad.
Let me rephrase this.
If we spent $700 Billion of our children’s and our children’s children’s fortune on our present debt, we would see the economy take off. But, would it be subverted by the whores on Wall St. who would then twist the new found economic personal freedom into some fascist twist-o-logic as all the fascist Reichwing always do.
So…forget about this plan, it will never get anywhere.
September 24th, 2008 at 9:41 amHouse Minority Leader John Beohner (R-OH) called it “a big victory for Americans.”
No, it’s a big victory for the oil companies. I am, once again, disappointed in the Democrats. I realize that they pretty much have to go along with some offshore drilling to satisfy the uninformed masses. But, I am really angry that they didn’t put a “use all your current leases before you get new ones” clause in the bill.
September 24th, 2008 at 9:42 amThe bill has strong bipartisan backing but the measure’s cost is the only “remaining obstacle.”
Cost to who? Cost to the insurance companies or cost to the US taxpayer? If it’s cost to the insurance companies, they will just raise rates to compensate for the new benefit.
September 24th, 2008 at 9:43 amBilbo,
But, but, they were afraid Gov. BOOOOOSH would veto it.
Like I wrote, put it all in there, and let him veto it. If the Repubs REALLY want it then they can come together to override it. They would be more than willing to, since the Repubs are looking for ANY daylight between them and the TOXIC Doctor in the Whitehouse.
It is all about making the Friday deadline to Adjourn so they can get back to elctioning. That is WHY the Bullshit wall st. collapse happened now. So that the Extortion by the Whitehosue could be perpetuated, and fulfilled by Friday. They have had this plan (according to Tony FRetto) for a few months. So, why are we only getting it now??? If you knew all along that this was needed or going to happen.
HELLO PDB, Hello Sept 11. Is this thing working.
ARREST, TRY and HANG BUSH/CHENEY at al.
September 24th, 2008 at 9:46 amMcCain aide: Campaign tired of ‘catching the spears’ from Obama
The McCain campaign is preparing to resurrect attacks on Senator Obama for his past associations with controversial figures such as Rev. Jeremiah Wright and college professor and Weather Underground co-founder William Ayers, sources say.
“Our position is we are no longer constrained to avoid his very real associations in contrast to the very fictional associations he has imputed to John McCain in this campaign,” one aide told the New York Sun. Mark Salter, a top McCain aide, told the Wall Street Journal last Friday that the campaign was tired of “catching the spears.”
“They played it one way,” he said, “we played it another way. Now we’re both going to play it the same way.”
“We’ve seen all throughout the [Democratic] primary this guy has a lot of associations that are very problematic,” added campaign spokesman Michael Goldfarb.
http://rawstory.com/news/2008/McCain_aide_Campaign_tired_of_catching_0923_af.html
**Meanwhile, back at the election…if they get away with this blatantly racist reference without getting called to task for it it will be unbelievable. So, Obama is playing the race card? What about the disgusting racial epithets being thrown out by the repukes? They are in panic mode and have pulled out all the stops.
September 24th, 2008 at 9:47 am#9 And the beat goes on Says:
Good morning FR! ;-) I love Cenk’s passion when he feels strongly about an issue. I am in agreement with him and Naomi Klein about bailing out these corporate crooks. I must add, though, most of my friends and family disagree with me — they feel adding the conditions is acceptable. Now I have a new argument — do they really want to hand over 700 billion to “MR. Risk?” I don’t think so. Thanks for engaging my brain this early! (It’s 6:15 here on the west coast.)
Good Morning :) I agree with Naomi & Cenk also. I do not agree with the bail out. Exactly, why would we want to hand over that amount of money to him is crazy.
My point is, help the homeowners and refinance their loans at a reasonable rate. That is only going to take part of that money. Then, see how much fraud has gone on in all of these financial institutions first… They deserve to pay restitution for all the damage they have done. Just like they did with Enron. Every single one of the CEO’s and executives deserves to go to jail…
September 24th, 2008 at 9:47 ammisshusseinmolly Says:
When did Reid switch parties?
September 24th, 2008 at 9:40 am
______
Many would argue it happened last August, when he allowed the Protect America Act to pass.
September 24th, 2008 at 9:47 am#12 hussein toasterhead Says:
Supreme Court Gives Last-Minute Reprieve to Death Row Prisoner Troy Davis
HT, I was very glad to see this happen. I do not believe in Capital Punishment… good post…
September 24th, 2008 at 9:49 am“Many would argue it happened last August, when he allowed the Protect America Act to pass.”
DAMN!
September 24th, 2008 at 9:50 amNaomi Klein…She’s on Democracy Now today, too.
The problem is that the MSM is ignoring Ms. Klein. I haven’t even seen her on Countdown or Rachel Maddow. I wonder why.
September 24th, 2008 at 9:51 am#16 hussein toasterhead Says:
Freedom Rebel Says:
Cent Talks to Naomi Klein about the Current Crisis
Are We Witnessing the Shock Doctrine in Effect?
She’s on Democracy Now today, too.
Thanks, I didn’t know that… Cool I will make sure I catch that.. Good to see you hussein toasterhead !!
September 24th, 2008 at 9:52 amFreedom Rebel Says:
#12 hussein toasterhead Says:
Supreme Court Gives Last-Minute Reprieve to Death Row Prisoner Troy Davis
HT, I was very glad to see this happen. I do not believe in Capital Punishment… good post…
Even if you do believe in capital punishment you should be appalled at the idea that Georgia will kill this man after 7 out of 9 non-police witnesses recanted their testimony and there is no other evidence.
September 24th, 2008 at 9:52 amWhacha miss?
Warren Buffett urging Congress to go with Paulson’s plan.
Oh yeah, Buffett just threw 5 billion into Goldman last night. Funny that.
September 24th, 2008 at 9:53 amOne aspect of Paulsen’s argument that I find hard to accept, is the supposed credit-freeze that will occur, if congress does not follow his lead.
Consumer credit would be severely affected, but certain types of business credit would still be a safe bet for hypothetical lenders, especially Defense suppliers fullfilling existing contracts. This threatened credit-freeze would represent an investment opportunity for someone with the acumen, positioning, and resources.
September 24th, 2008 at 9:57 amSome of have thought that Bush is just too stupid and self-centered to accomplish anything — boy were we wrong!
September 24th, 2008 at 9:58 amHe has destroyed two countries: Iraq and our own.
“They played it one way,” he said, “we played it another way. Now we’re both going to play it the same way.”
The implication of this is that they are playing it above board and fair and Obama isn’t. They actually said that with a straight face. Oh well, it was inevitable that they would revisit Wright and Resko. I don’t think it’s going to hurt Obama much since the people are pretty sick and tired of all the BS that the Republicans are slinging.
September 24th, 2008 at 9:58 amIn the coming debate on Friday between Obama and McCain, Obama need to link McCain to the failed Savings & Loans 20 years ago known as ‘The Keating Five’ scandal,which McCain was involved in,but the media is totally ignoring.
September 24th, 2008 at 9:59 amObama took $105,849 from FANNIE MAE/FREDDIE MAC…
Well, it’s not a Republican red mess or a Democratic blue mess, it’s more like a bipartisan purple bruise inflicted on us, the body politic.
It wasn’t President Bush who got us into this, but rather it was former President Clinton who signed the Gramm-Leach-Bliley Act. Title I of that bill states that its main purpose was for “Facilitating Affiliation Among Banks, Securities Firms, and Insurance Companies.” The text of the bill explains that it repeals the 1930s protection legislation known as the Glatt-Spiegel Act. 1
They gave political contributions to just about everybody, but the top four on their 1989 to 2008 contribution lists are all Democrats: No. 1, Sen. Chris Dodd (D-CT) $133,900; No. 2, Sen. John Kerry, (D-MA) $111,000; No. 3, Sen. Barack Obama, $105,849; and, of course, Sen. Hillary Clinton (D-NY) at No. 4 with $75,550. 5
Green idealists fail to make grade, says study
People who believe they have the greenest lifestyles can be seen as some of the main culprits behind global warming, says a team of researchers, who claim that many ideas about sustainable living are a myth.
September 24th, 2008 at 10:02 amwhat the hell???
what happened to the “energy bill” the dems were working on???
done? just like that? over?
and boner didn’t just say it was “victory for americans” -
he said it was a “capitulation by Democrats”…
WTF???
September 24th, 2008 at 10:05 amNaomi Klein is on Stephanie Miller radio now.
September 24th, 2008 at 10:07 amDemocrats to let offshore drilling ban expire
Democrats have decided to allow a quarter-century ban on drilling for oil off the Atlantic and Pacific coasts to expire next week, conceding defeat in a months-long battle with the White House and Republicans set off by $4 a gallon gasoline prices this summer.
About time the tards come to their senses!
Bill O’Reilly’s web site hacked, attackers release personal details of users
In what is slowly turning into a endless loop of hacktivism activities, Bill O’Reilly’s BillOreilly.com has been compromised during the weekend, with personal details including passwords in plain text for 205 of the site’s members already leaking across Internet forums, as a response to his remarks regarding Wikileaks as a “one of those despicable, slimy, scummy websites” which recently published private information of Sarah Palin’s private email.
September 24th, 2008 at 10:08 amMcCain aide: Campaign tired of ‘catching the spears’ from Obama
So, “Spearchucker Barack” is the new meme?
Rove’s got McCain’s testes in his pocket.
September 24th, 2008 at 10:08 amThe text of the bill explains that it repeals the 1930s protection legislation known as the Glatt-Spiegel Act. 1
That’s Glass-Steagal, professor…
September 24th, 2008 at 10:10 amlol, look at them_libs desperately trying to tie this republican mess to the democrats
wow, dude, you are even more desperate than usual with your cowardly copy and paste jobs
typical republican coward, afraid to come up with his own words, much less his own thoughts. much safer to just copy and paste talking points from right wing propaganda rags
September 24th, 2008 at 10:11 ambarfly
September 24th, 2008 at 10:16 amI, too, saw that disgusting comment yesterday — imagine the uproar if the show were on the other foot. McCain&Co feel they can say whatever they want, with no repercussions — and they are right.
The Eddie Haskells of politics are out in force — No, Mrs. Cleaver, I didn’t do anything — I think it was those bad guys over there. We’d better warn Beaver.
September 24th, 2008 at 10:18 amRantingTommy Says
September 24th, 2008 at 10:11 am
lol, look at them_libs desperately trying to tie this republican mess to the democrats
wow, dude, you are even more desperate than usual with your cowardly copy and paste jobs
typical republican coward, afraid to come up with his own words, much less his own thoughts. much safer to just copy and paste talking points from right wing propaganda rags
____________________________________________________________
Hey, it’s all they’ve got. The trolls today kind of remind me of the guy in “Monty Python and the Holy Grail” who still wanted to fight even though his arms and legs had all been lopped off. It’s both funny and sad to watch them just flopping around helplessly.
It’s best to just ignore them, and if they persist in filling up the thread with cut and paste jobs, flag them to clean things up. If they actually offer any original thought, it MIGHT be worth a response.
September 24th, 2008 at 10:19 amthem_libs Says:
Bill O’Reilly’s web site hacked, attackers release personal details of users
September 24th, 2008 at 10:08 am
______
Ha! More proof that conservatives are completely incompetent when it comes to security. If they can’t even protect their own web sites from hackers, how the hell can they expect to protect the country?
September 24th, 2008 at 10:20 amMarie Says:
I, too, saw that disgusting comment yesterday — imagine the uproar if the show were on the other foot. McCain&Co feel they can say whatever they want, with no repercussions — and they are right.
The press isn’t his base anymore, so this will be getting airplay – but at this late point in the campaign, it’ll probably just become more background noise.
September 24th, 2008 at 10:20 amI see them_libs went on a kool-aid bender last night and is now suffering the delusional consequences.
September 24th, 2008 at 10:21 amCaving to political pressure, Democrats in Congress “decided to allow a quarter-century ban on drilling for oil off the Atlantic and Pacific coasts to expire next week.” House Minority Leader John Boehner (R-OH) called it “a big victory for Americans.”
_______________________________________________________
A “big victory for Americans”??? Big victory for oil companies is more like it. When the ban expires next week, do people honestly expect that will lower gas prices before Election Day? Or even next year? When will we see the fruits of the “big victory”?
September 24th, 2008 at 10:25 amA Patriot Acting Says:
I see them_libs went on a kool-aid bender last night and is now suffering the delusional consequences.
The supply is drying up, and his #1 pusher is leaving town soon. Is there such a thing as ideological rehab?
We’re going to have a lot of jonesing junkies on our hands, very soon, and we’d better have a plan for dealing with them.
If we don’t, spousal/child/animal abuse will rise, at a time when government is extrememly strapped for funds.
September 24th, 2008 at 10:27 amMcCain’s campaign manager, Rick Davis, was being paid money in order to keep him happy until McCain became president, and then Fannie and Freddie could call in favors.
September 24th, 2008 at 10:27 amTP covered this last night but I think it should remain on top of the news every day.
Oops, one too many “mem”s.
I think my left finger is getting tired, so I’ll take a rest.
September 24th, 2008 at 10:29 amObama and Ayers Pushed Radicalism On Schools
Despite having authored two autobiographies, Barack Obama has never written about his most important executive experience. From 1995 to 1999, he led an education foundation called the Chicago Annenberg Challenge (CAC), and remained on the board until 2001. The group poured more than $100 million into the hands of community organizers and radical education activists.
September 24th, 2008 at 10:34 amDemocrats in Congress “decided to allow a quarter-century ban on drilling for oil off the Atlantic and Pacific coasts to expire next week.” House Minority Leader John Boehner (R-OH) called it “a big victory for Americans.”
Bonerspeak translated:
September 24th, 2008 at 10:36 ama big victory for corporations whose hands are in Americans pockets, emptying their wallets”
them_libs Says:
Well, it’s not a Republican red mess or a Democratic blue mess, it’s more like a bipartisan purple bruise inflicted on us, the body politic.
It wasn’t President Bush who got us into this, but rather it was former President Clinton who signed the Gramm-Leach-Bliley Act.
________
From Wiki:
Without forcing a veto vote, this bipartisan, VETO PROOF legislation was signed into law by President Bill Clinton on November 12, 1999.
Note the VETO PROOF part. The original vote in the Senate was 54-44, along party lines. The clowns who introduced this bill, Gramm and the aptly-named Leach, were both GOOPers.
And after 6 years of complete control, if the GOOP had seen fit to change this, they had ample time and opportunity, I’d reckon.
Amazing, innit? After 8 years, EVERYTHING under the sun is still Clinton’s fault.
September 24th, 2008 at 10:36 amDid gas prices come down yesterday?
September 24th, 2008 at 10:37 amIn a fiery commentary, Campbell Brown laid into John McCain for casting a “chauvinistic chain” that ran over his running mate.
http://www.huffingtonpost.com/2008/09/23/campbell-brown-rips-mccai_n_128782.html
September 24th, 2008 at 10:38 amWow! $100 million for education and help for underemployed people to obtain housing. What a scandal!
September 24th, 2008 at 10:40 amthem libs is trying desperatly to deflect the blame for all that is wrong with America onto the democrats.
He wants you to believe that the dems are the ones who caused this mess when everyone with a brain knows that the right has been the champions of deregulation since hoovers time and that is the cause of the problem.
Even his hero’s admit that deregulation has been the one and only reason this has happened….a cause only an evil right winger could champion.
September 24th, 2008 at 10:48 amRUCerious Says:
Did gas prices come down yesterday?
__________
I did notice that my Freedumb Fries™ tasted better than usual…
September 24th, 2008 at 10:48 amthem_libs says: nothing of intelligence
Nice try shaky, links to a WSJ editorial? Yeah, REAL credible. This story is a non-starter, much like Republican positions on actual issues. Care to discuss issues? Or are you here just to spread talking points and rumours?
September 24th, 2008 at 10:49 am#36 Bilbo Hussein Baggins Says:
Freedom Rebel Says:
#12 hussein toasterhead Says:
Supreme Court Gives Last-Minute Reprieve to Death Row Prisoner Troy Davis
HT, I was very glad to see this happen. I do not believe in Capital Punishment… good post…
Even if you do believe in capital punishment you should be appalled at the idea that Georgia will kill this man after 7 out of 9 non-police witnesses recanted their testimony and there is no other evidence.
bilbo, I heard he was framed. I haven’t seen much on this story so I’m not up on current events with this. I found out some of the details yesterday… Witch1 has been following it and told me about the facts in the case… I agree it is tragic when witnesses lie on the stand and then an innocent man gets convicted of a crime he didn’t commit. This is one of the reasons I have always opposed the death sentence. We have seen history repeat itself too many times in cases like this.
September 24th, 2008 at 10:55 am@ 56 barfly Says:
Yeah barfly it could become a serious problem. Don’t worry I here Cyndy McCain has a wonderful recipe for post election kool-aid(I here it’s stolen from Marshall Applewhite of the Heaven’s gate cult, kind of a “permanent solution”). Johnny will have plenty of time on his hands after November 4th so expect a lot of open house bbq’s at the main McCain compound with endless supplies of special kool-aid on tap. For those poor jonesing republicans who can’t make it to the party, John Goodman suggests that they go directly to their nearest emergency room for something to help with the shakes.
September 24th, 2008 at 10:57 amthem_libs Says:
Obama and Ayers Pushed Radicalism On Schools
Despite having authored two autobiographies, Barack Obama has never written about his most important executive experience. From 1995 to 1999, he led an education foundation called the Chicago Annenberg Challenge…
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Is that THE Annenberg Family???
Shortly after the election of his CLOSE FRIEND, Ronald Reagan, as President in 1980 (he would endorse Reagan’s re-election campaign in 1984 in TV Guide, the only such political endorsement ever to appear in the magazine), Annenberg announced a plan to provide the Corporation for Public Broadcasting with $150 million in funds over a fifteen year period to produce educational television programs through which viewers could obtain college credits.
Boy… that’s weird, huh?
September 24th, 2008 at 10:57 ambarfly Says:
That’s Glass-Steagal, professor…
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Glatt-Spiegel, Act 1? Some sort of avant-garde opera production?
September 24th, 2008 at 10:59 am#46 barfly Says:
McCain aide: Campaign tired of ‘catching the spears’ from Obama
So, “Spearchucker Barack” is the new meme?
Rove’s got McCain’s testes in his pocket.
Good Morning barfly :) They have sunk to an all new low… They should be ashamed of themselves, but that would require a conscience which we all know they don’t possess..
September 24th, 2008 at 11:03 amthem_libs Says: radical education activists.
Only an ignorant conservative would consider education ‘radical’…
September 24th, 2008 at 11:04 amAnd the beat goes on Says:
The core problem is the complete lack of regulation that allowed these financial institutions to run amok in the first place.
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And truly bad judgement… let’s not forget the bad judgement. The Wall Street dummies who caused this mess were simply making terrible choices.
I’d like to know how much of this mess was created by defaults on mortgages and how much was caused by all the “funny money” Wall Street bankers were floating around, and trading back and forth?
September 24th, 2008 at 11:05 amNewt’s 18 point plan is a manual for Corporafornication, Disaster Capitalism 3.0
September 24th, 2008 at 11:16 amA-Pat Acting says ~
Or are you here just to spread talking points and rumours?
I didn’t realize talking points and rumours smelled just like camel feces?!
September 24th, 2008 at 11:17 amLeading up to the S&L crises property appraisers were routinely asked to appraise property for more than it was worth so the bank could issue a loan with no down payment.
Result was inflated property values. Same thing going on now…
no oversight allowed it to happen then and the same has happened again….same people, same method, same result.
September 24th, 2008 at 11:18 amThere are four months ahead with no offshore drilling bans. If the Bush administration is as adept at corporawhorification as I think, look for a stake in the proverbial sea bed.
September 24th, 2008 at 11:18 amThey may have pushed it too far this time:
A default by the US government is no longer unthinkable
September 2008 marks the moment when the scale of our excesses, the extent of our debts and the moral bankruptcy of our financial regulatory system finally began to be truly exposed.
September 24th, 2008 at 11:20 am______
The Republic of Stupidity Says:
them_libs Says:
Well, it’s not a Republican red mess or a Democratic blue mess, it’s more like a bipartisan purple bruise inflicted on us, the body politic.
It wasn’t President Bush who got us into this, but rather it was former President Clinton who signed the Gramm-Leach-Bliley Act.
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From Wiki:
Without forcing a veto vote, this bipartisan, VETO PROOF legislation was signed into law by President Bill Clinton on November 12, 1999.
Note the VETO PROOF part. The original vote in the Senate was 54-44, along party lines. The clowns who introduced this bill, Gramm and the aptly-named Leach, were both GOOPers.
September 24th, 2008 at 10:36 am
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But he didn’t veto it anyway, knowing that it was bad legislation?
Much like current Dems don’t force Repubs to filibuster? Why do you suppose that is? Are Repubs the only ones getting money from the big financial corps or do they just get more money?
September 24th, 2008 at 11:23 amFolks, what blew up last week was the rich wouldn’t lend to rich at other than payday loan rates. They don’t pay that kind of interest, so the credit market locked up.
The crisis was created on Wall Street. It occurred in closed off conference rooms, inhabited by big money men.
Goldman’s credit default swaps soared 9x from last summers junk level. So who did Goldman Sachs call to complain about the usury foisted upon them by their big money brothers? Ex-Goldman CEO, now Treasury Secretary Hank Paulson.
Now he’s proposing a taxpayer bailout to the tune of $1-2 trillion. They opened the door for other big money men, the private equity boys, to buy into failing banks. These are the banks that will offload their junk onto the public.
1. Banks prices deflated
2. Investment by PEU’s, private equity underwriters
3. Banks dump their junk, including 2nd liens, credit card debt, student loans, and car loans
4. Share prices rise
5. PEU boys profit handsomely
Warren Buffet just sunk $5 billion into Goldman Sachs. The deals will be fast and furious.
September 24th, 2008 at 11:27 amthem_libs Says:
Well, it’s not a Republican red mess or a Democratic blue mess, it’s more like a bipartisan purple bruise inflicted on us, the body politic.
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No its not MORON. Deregulation is a GOP policy. Screaming about freeing up the financial markets is PURE GOP POLICY. It has republican stench all over it. You can keep puking the talking points the hivemind has programmed into you unitl the cows come home this is a RIGHTWING MESS ALL THE WAY.
September 24th, 2008 at 11:28 amthem_libs Says:
Obama and Ayers Pushed Radicalism On Schools
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You are such a lying and ignorant piece of garbage. Obama hardly knows Ayers. This TROLL look over there tactic is pathetic. YOU are pathetic. Sad, ignorant and pathetic. Go away and let the adults talk you moronic twit
September 24th, 2008 at 11:31 amupright left Says:
But the right didn’t fix what was obviously broken when they were in power…total control….explain that if you will.
In fact the republicans made it easier for disaster to hit America…..they own deregulation, the absolute cause of the financial meltdown, even the right admits it now in hindsight.
Try to put blame where it belongs instead of trying to include everyone in your errors. this mess belongs to conservatives alone.
September 24th, 2008 at 11:31 amA Patriot Acting Says:
them_libs says: nothing of intelligence
Nice try shaky, links to a WSJ editorial? Yeah, REAL credible. This story is a non-starter, much like Republican positions on actual issues. Care to discuss issues? Or are you here just to spread talking points and rumours?
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He CANT discuss the issues, that would require higher brain function, he is a hivemind troll he doesnt know what he believes until Rush or Billy O’falfel TELLS HIM. He is here to do his hivemind duty and regurgitate ignorant talking points at us as if WE were as stupid as he was and we might take them seriously.
September 24th, 2008 at 11:34 amupright left Says:
This financial meltdown belongs to the right. It always happens when the right gains the power to infuence such events.
I can cite examples but you can read and in truth, you know. Every time the right comes to power America experiences a bout of corruption and economic scandal.
This time it got out of even thier control and its gonna hurt us badly. I hope you are happy.
September 24th, 2008 at 11:40 am______
Fred Says:
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upright left Says:
This financial meltdown belongs to the right. It always happens when the right gains the power to infuence such events.
I can cite examples but you can read and in truth, you know. Every time the right comes to power America experiences a bout of corruption and economic scandal.
This time it got out of even thier control and its gonna hurt us badly. I hope you are happy.
September 24th, 2008 at 11:40 am
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I do know that Repubs want to deregulate everything. I also know that Dems too often go along with it. I noticed that you chose to ignore the questions in my post. Even when the Dems go against what they said they’d do and roll over for everything Bush wants, posters here call them names and then immediately go back to “Everything is the Repub’s fault.” Why are you so willing to be played for a fool by politicians?
September 24th, 2008 at 11:53 amFred Says:
Leading up to the S&L crises property appraisers were routinely asked to appraise property for more than it was worth so the bank could issue a loan with no down payment.
Result was inflated property values. Same thing going on now…
no oversight allowed it to happen then and the same has happened again….same people, same method, same result.
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Yes, a lack of oversight definitely helped everyone involved go down that highway as fast as possible. AND, I can’t help but wonder how many of those responsible KNEW what they were doing could come back and bite them right in the Cheney, which it is, Big Time.
The righties are SOOOOOOOOO fond of blaming Carter and the CRA for this mess… sniff, sniff… it’s like someone held a gun to all those mortgage bankers’ heads and made them write bad loans, over and over again.
If the people making the loans had used decent judgement, w/ or w/out oversight, they wouldn’t have made many of those loans. I still see this mess as being the result of rampant STUPIDITY, as much as anything, at many, many levels. And yes, that runs all the way up to COngress and the WH.
As a friend of mine used to say when talking about WW II… it takes a LOT of people behaving badly to make a mess that big.
September 24th, 2008 at 12:07 pmupright left ,
you’re the only one here
playing the fool.
*
have fun!
:)
September 24th, 2008 at 12:08 pmSpeaking of our kool-aid main-lining troll them_libs, anyone see the article on salon.com about a dutch reporter who claims to have worked undercover for the McCain campaign’s department of lies in their Virginia office as recently as earlier this month? She worked for a Phil Tuchman ghostwriting letters to the editors on behalf of McStain/Failin. They gave her example letters and talking points and was encouraged to be whoever she wanted to be in the letters. She wrote one letter posing as a proud middle American mom with a (fictional) son in the Iraq War, extolling the genius and appeal of Sarah Palin. She was instructed to leave the signature line blank as these letters are then e-mailed to supporters in various battleground states, signed and forwarded to the Letters to the Editors sections of local newspapers.I was aware that the practice of asking supporters to submit letters on behalf of their candidates has a long tradition, but ghostwriting fictional stories, stocked with talking points and signed and circulated by small town supporters to local papers? How un-American and completely un-ethical is the McCain campaign? We’ve all read letters in the editorial section and said to ourselves, “Is this idiot for real?” Well, apparently not by a long shot. We all know that many of our trolls are paid and owned by the RNC but this special type of propaganda needs to be addressed by the MSM! Maverick my pale white azz!
September 24th, 2008 at 12:15 pmhttp://www.salon.com/news/feature/2008/09/24/mccain_letters/
upright left Says:
But he didn’t veto it anyway, knowing that it was bad legislation?
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You’d have to ask Bill why he did that. I just pointed out the facts. Bill Clinton has been described as the “Most Republican Friendly” Democratic President ever elected, and the GOOPers STILL hate him to a degree that’s completely irrational.
I’m still annoyed at Clinton for signed the 1996 Omnibus Telecommunications Act.
If you want to go back and do more research on that bill, feel free to. I doubt if you will. You’re more of a “hit-and-run” kind of troll. You like to skitter off to your favorite hiding place after leaving little poos all over the place.
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Much like current Dems don’t force Repubs to filibuster? Why do you suppose that is? Are Repubs the only ones getting money from the big financial corps or do they just get more money?
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Hmmm… it appears you’re making assumptions about something here.
Why don’t Dems forced filibusters more? Ask them.
I don’t like that either. I’m not a registered Dem. Can you recall ONE TIME, ever, here when I’ve been rabidly pro-Democratic?
It’s like rats and mice, as far as I can tell. I do a lot of construction these days, and when I come across mice, I don’t really like them. But I HATE rats in buildings.
I kinda dislike Dems, but I HATE GOOPers.
For my money, the best thing we could do in thsi country is vote 95% of all currently elected officials OUT OF OFFICE.
September 24th, 2008 at 12:17 pm______
joe cantwell Says:
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upright left ,
you’re the only one here
playing the fool.
*
have fun!
:)
September 24th, 2008 at 12:08 pm
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Sorry, bud, but I’m not the one defending pols simply because of the party to which they belong.
And I am having a great deal of fun, thanks. I always appreciate your concern for my welfare! ;)
September 24th, 2008 at 12:25 pmThen you understand that the republicans are the ones who caused the problem, not the democrats. Power to change things have not been in the hands of the democrats for many years now. That will soon change and you will see a better stronger country as a result. You can’t deny this basic, obvious truth.
You want to blame the dems…..I want to blame the criminals.
September 24th, 2008 at 12:33 pmThis is from yesterday, but I’ve not seen it in TP:
Sarkozy seeks G8 summit on financial crisis
Meanwhile, where is the “leader of the free world” (ha ha) ?
Hidding in fear of harming the election of the next GOP doofus.
The leader of the free world is dead. Long live the (next) leader of the free world.
September 24th, 2008 at 12:38 pm“The core problem is NOT $700 billion in loss from bad investments. The core problem is the complete lack of regulation that allowed these financial institutions to run amok in the first place.”
I’m certainly no economist, but it is my understanding that the true “core” of the problem is that our economic system that is threatening to collapse is based on endless growth in a world of finite resources.
It has never made any sense to me and we have been given no reason to believe that this is going to be addressed anytime soon, let alone with discussions of a $700 billion bailout.
The debate has already been framed… on an entirely different wall than where the picture is acutally hanging… by a thread.
(just my $.02)
September 24th, 2008 at 12:42 pmStates Accuse Pentagon Of Threats, Retaliation
Allegations Arise in Base Cleanup Hearing
Environmental officials from several states that have tried to force the Pentagon to clean up polluted military sites say the Defense Department has retaliated by reducing or withholding federal oversight dollars due them.
A group representing state environmental officials says California, Colorado, Alabama, Ohio and about a dozen other states have been pressured by the Pentagon to back off the oversight of cleanup at polluted military sites.
“In the worst-case scenarios, the Department of Defense is intimidating a state environmental agency into not pursing enforcement,” said Steve Brown, executive director of the Environmental Council of States.
Wayne Arny, deputy undersecretary of Defense, told the Senate Environment and Public Works Committee that he was not aware that the Pentagon had cut or threatened to withhold any oversight money.
“If I find that is true, I will stop it,” Arny told Sen. Barbara Boxer (D-Calif.), chairman of the committee.
Arny said Pentagon lawyers and policymakers judged the EPA’s cleanup plans to be “excessive.”
But Boxer said it is not the role of the polluter to design the cleanup. “I don’t want the EPA making decisions on war strategy, and I don’t want you making decisions on environmental cleanup, because you have an interest in the easiest way out,” Boxer told Arny.
The Pentagon is the nation’s biggest polluter. Of 1,255 Superfund sites, the Pentagon is responsible for 129 — the most of any entity.
LINK
September 24th, 2008 at 12:48 pm______
The Republic of Stupidity Says:
Why don’t Dems forced filibusters more? Ask them.
I don’t like that either. I’m not a registered Dem. Can you recall ONE TIME, ever, here when I’ve been rabidly pro-Democratic?
It’s like rats and mice, as far as I can tell. I do a lot of construction these days, and when I come across mice, I don’t really like them. But I HATE rats in buildings.
I kinda dislike Dems, but I HATE GOOPers.
For my money, the best thing we could do in thsi country is vote 95% of all currently elected officials OUT OF OFFICE.
September 24th, 2008 at 12:17 pm
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You have my sincerest apologies for my assumption that you are a Dem. But the question about when you’ve been rabidly pro-Dem; the “rabidly” was thrown in to create controversy, right? Otherwise, it would be much easier for you to note a time you opposed the Dem position than for me to list all times you backed it. Issues on which the Dem leadership sold out the base don’t count.
When you come across those mice, you don’t ignore them just because you don’t mind them as much as the rats do you?
I do agree with you about getting rid of the majority of the current pols.
September 24th, 2008 at 12:50 pmWho is responsible for the Fannie Mae/Freddie Mac Sub-Prime mandate?
September 24th, 2008 at 12:53 pm______
Fred Says:
upright left Says:
I do know that Repubs want to deregulate everything. I also know that Dems too often go along with it.
Then you understand that the republicans are the ones who caused the problem, not the democrats. Power to change things have not been in the hands of the democrats for many years now. That will soon change and you will see a better stronger country as a result. You can’t deny this basic, obvious truth.
You want to blame the dems…..I want to blame the criminals.
September 24th, 2008 at 12:33 pm
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I want to blame all those responsible as well as putting the criminals in jail. Repubs definitely led the charge for deregulation. Dems could have made it a lot more difficult and they could have made it a continuing issue if they really wanted change. How many times have they forced the Repubs to filibuster anything? Why do you want to punish those most responsible, but excuse those who have been complicit in creating the situation?
September 24th, 2008 at 1:01 pmWhat about the few, very few, lenders who REFUSED to offer sub-prime mortgages?
Let’s give them a fcuking reward for “Extreme common sense in extremely uncommon times”.
September 24th, 2008 at 1:24 pmMan Passes Gas, Charged with Battery on Officer
When police were trying to get fingerprints, police say Cruz moved closer to the officer and passed gas on him. The investigating officer remarked in the criminal complaint that the odor was very strong.
Cruz is now charged with battery on a police officer, as well as DUI and obstruction.
September 24th, 2008 at 1:30 pmEcuador Give’s Nature Humana Rights
This month, Ecuador will hold the world’s first constitutional referendum in which voters will decide, among many other reforms, whether to endow nature with certain unalienable rights. Not only would the new constitution give nature the right to “exist, persist, maintain and regenerate its vital cycles, structure, functions and its processes in evolution,” but if it is approved, communities, elected officials and even individuals would have legal standing to defend the rights of nature.
This is what happens when the disease of liberalism goes untreated.The blind leading the dumb!
September 24th, 2008 at 1:42 pmThe part them_libs left out. Was it deliberate or did them_libs not read all the way to the end.
Doesn’t the Catholic Church feel it is a sin to not caretake the environment? I suppose them_libs thinks the church is too liberal as well
“No other country has gone as far as Ecuador in proposing to give trees their day in court, but it certainly is not alone in its recalibration of natural rights. Religious leaders, including the Archbishop of Canterbury, the Dalai Lama and the Archbishop of Constantinople, have declared that caring for the environment is a spiritual duty. And earlier this year, the Catholic Church updated its list of deadly sins to include polluting the environment.
Ecuador is codifying this shift in sensibility. In some ways, this makes sense for a country whose cultural identity is almost indistinguishable from its regional geography — the Galapagos, the Amazon, the Sierra. How this new area of constitutional law will work, however, is another question. We aren’t ready to endorse such a step at home, or even abroad. But it’s intriguing. We’ll be watching Ecuador’s example.”
September 24th, 2008 at 2:09 pmSorry. I ment to delete my second statement as that matter is addressed in the quote from the LA Times piece. Ecuador’s many endemic species are a major part of their tourism economy.
September 24th, 2008 at 2:12 pmthem_libs Says:
“but if it is approved, communities, elected officials and even individuals would have legal standing to defend the rights of nature.”
Awesome! Thanks for bringing some good news! You do realize that you wouldn’t exist at all if it weren’t for this stupid “nature” thing, right? Way to bite the hand that literally feeds you…
Do you personally think that this is a better or worse idea than giving Corporations Constitutional rights as citizens?
September 24th, 2008 at 2:13 pmGore urges civil disobedience to stop coal plants
NEW YORK (Reuters) – Nobel Peace Prize winner and environmental crusader Al Gore urged young people on Wednesday to engage in civil disobedience to stop the construction of coal plants without the ability to store carbon.
The Rev encouraging the immature and emotional vulnerable youth to do his dirty work! What a sad pathetic pile of human fecal matter!
September 24th, 2008 at 3:18 pmthem_libs Says:
What else more look over there anywhere but stop talking about the TOPIC stupidity. YOU are what happens when the very advanced case of terminal stupidity known as conservatism runs its course. Incredibly stupid people who dont know their ass from a whole in the ground run around spewing any stupid, any IGNORANT thing you are told to believe in order to carry water for your betters. Those who USE your ignorance to regurgitate their talking points. Knowing you are far too stupid to do anything else. Of course they have nothing but contempt for you, I mean how could they not? Besides unparalled ignorance and stupidity that is a wonder to behold you have nothing. You ARE nothing. A pathetic shadow of what a real human being should be you exist only to prove the Einstein was right and human stupidity is infinite. Your sad, pathetic existance fills me with pity for the human race. Please do not breed. The last thing our gene pool needs is the corruption of your galactic level stupidity. There are enough sheeple without the capacity for independent thought already. Do the planet a favor
September 24th, 2008 at 6:07 pmThe Rev encouraging the immature and emotional vulnerable youth to do his dirty work! What a sad pathetic pile of human fecal matter!
Civil disobedience is a hallowed American tradition – like the republicans who went to Florida in 2000, and staged a near-riot to get Florida officials to stop counting ballots.
Your selective outrage is typical of all republicans. When it works for you politically, you don’t raise a peep.
September 24th, 2008 at 8:51 pmthem_libs Says:
The Rev encouraging the immature and emotional vulnerable youth to do his dirty work! What a sad pathetic pile of human fecal matter!
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Fecal matter is what you have between your ears. It is the best part of you. The rest of you is corrupted rotting garbage. Rev? Which if the Limborg screechmonkeys programmed you with that one? You are such a pathetic moron
September 24th, 2008 at 9:01 pm