McConnell: One Bought Bitch

 Posted by at 2:27 am  Politics
Apr 162010
 

Yesterday I wrote a piece on how Mitch McConnell and other GOP politicians are lying about financial reform.  The following is part of an editorial from Bitch’s home town newspaper:

BoughtBitch …On Tuesday and again Wednesday, McConnell took to the Senate floor to denounce a bill sponsored by Democratic Sen. Christopher Dodd, chairman of the Senate banking committee.

Interestingly, McConnell is disparaging the proposed reforms in words recommended by a pollster.

"If the outline of his speech sounds familiar," wrote Adam Sorensen on Time’s political blog, "it’s because it is the exact argument pollster Frank Luntz urged Republicans to make earlier this year in a widely publicized memo."

(Comparisons of McConnell’s statements and the Luntz memo can be found at http://swampland.blogs.time.com/2010/04/13/a-gop-financial-reform-bellwether/.)

McConnell’s statements are perfectly calibrated to inflame the public. He insists the bill would "allow endless taxpayer-funded bailouts for big Wall Street banks."

Their resemblance to the truth is another matter.

The provision that McConnell claims would allow endless bailouts emerged from a bipartisan collaboration by Sens. Mark Warner, D-Va., and Bob Corker, R-Tenn.

Warner, who learned a thing or two about capitalism as a successful dot.com entrepreneur before becoming Virginia’s governor, told The Washington Post: "It appears that the Republican leader either doesn’t understand or chooses not to understand the basic underlying premise of what this bill puts in place."

The provision to which McConnell particularly objects creates an orderly process for letting "too big to fail" banks fail, at the industry’s expense, without taking down the entire economy.

The losers would be the management and shareholders, not the taxpayers. So onerous would this process be for failing financial institutions, says Warner, that it would serve as a deterrent to reckless decision-making.

McConnell, it should be remembered, voted for the bailout of the big investment banks in the fall of 2008, when it was the only alternative to global economic meltdown.

We have read that the Republicans have a plan for financial reform, but McConnell isn’t talking up any solutions, just trashing the other side’s ideas with no respect for the truth.

While the intricacies of financial regulation are complicated, McConnell’s calculus is pretty obvious.

The high-stakes gamblers on Wall Street, luxuriating again in big bonuses, don’t want any new oversight or regulation. Why would they, knowing that the government would have to bail them out again if their trading of worthless financial instruments goes bust and threatens to bring on the next Great Depression?

McConnell, unabashedly courting Wall Street bankers for political money, is happy to scratch their backs if they’ll scratch his. [emphasis added]

Inserted from <Kentucky Herald-Leader>

Like the rest of the GOP, McConnell is one bought Bitch.  You have the facts in this case.  Is there any doubt?

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Poll Results – 4/16/2010

 Posted by at 2:26 am  Blog News
Apr 162010
 

Here are the results of the Stimulus Poll.

Poll0416

And here are your comments.

From Dan on April 1, 2010 at 9:40 am

 

As a small business owner myself, if I can catch a little (tax) break and lets say I hire an employee @ $40,000, and he nets me (my company) $70,000, I consider that a win-win-win situation…

He/She’s employed and earning $$$, my company makes more money, and then I pay taxes for government junk… I may catch a break, but still the gov’t gets their cookie from me and my new employee…

Everyone is happy!!!

 

From Infidel753 on March 31, 2010 at 12:46 pm

 

Re-educating workers is critical in a society where technological change is evr more rapid, and low-skilled jobs will probably continue to decline even in boom times.

Tax breaks for new hires will have the most immediate effect.

Green energy is a field which will grow more rapidly than we expect, and we’ll need the results it produces.

 

From Kevin Kelley on March 31, 2010 at 11:48 am

 

I chose R and D, Green energy, and infrastructure. These three are important because these three fields are what America has allowed to slip from their grasp. Our infrastructure is outdated and crumbling, our energy is dependent on fossil fuels (with oil from foreign nations), and we lack research and development in newer technologies. The lack of all three are causing a tremendous economic burden to Americans and the government.

I voted for the top three, but all are important tools, except the GOP choice I included.

There is a new poll up in which you get to pick for the GOP’s biggest lie.  That is a herculean challenge.

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 Comments Off on Poll Results – 4/16/2010
Apr 162010
 

Yesterday I was really tired, but I did manage to reply to comments and return outstanding visits.  If my comments were brief and full of typos, I apologize.  My eyelids declared war on me.  Today I have a few errands to run, but I do hope to do at least the same.

Jig Zone Puzzle:

Today’s took me 3:41.  To do it, click here.  How did you do?

Short Takes:

From Media Matters: Angry Fox News executives ordered host Sean Hannity to abandon plans to broadcast his nightly show as part of a Tea Party rally in Cincinnati on Thursday after top executives learned that he was set to headline the event, proceeds from which would benefit the local Tea Party organization.

Hannity should know better.  Faux Noise propagandists are supposed to whore themselves for Teabuggery in a way that maintains at least a tiny shred of deniability.

From TPM: Porn star Stormy Daniels has announced that she will not run for U.S. Senate in Louisiana, against Republican incumbent David Vitter.

Daniels had been seemingly laying the groundwork for a campaign for the past year, frequently making light of Vitter’s status as a family-values conservative who was embroiled in a prostitution scandal a few years ago. Last week, for example, she officially declared herself to be a Republican — saying that the party had swayed her with the RNC’s spending of $2,000 at a bondage-themed night club in West Hollywood.

Dang!!  Stormy was the only honest Republican running for public office!  I’m thinking that Diaper Dave let her beat him …um… professionally.

Cartoon:

TGIF!!

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 Comments Off on Open Thread – 4/16/2010

GOP Lies on Financial Reform

 Posted by at 2:51 am  Politics
Apr 152010
 

It’s health care reform all over again.

republican-lies In February, the Wall Street Journal reported that Republicans were "stepping up their campaign to win donations from Wall Street. In discussions with Wall Street executives, Republicans are striving to make the case that they are banks’ best hope of preventing President Barack Obama and congressional Democrats from cracking down on Wall Street."

Two months later, it seems the GOP is relying on the same strategy. In return for obstructing Democratic legislation to hold Wall Street CEOs accountable, Republican lawmakers are pressing bankers for financial help heading into the November elections.

FoxBusiness.com reported [Faux Noise delinked] that Senate Minority Leader Mitch McConnell (R-KY) and National Republican Senatorial Committee chairman John Cornyn (R-TX) had a "private meeting" with "25 Wall Street executives, many of them hedge fund managers." After listening to "numerous complaints the executives have with the bill," the GOP lawmakers reportedly assured the bankers that Republicans would be their ally in the fight. After discussing likely Republican electoral gains this November, "McConnell and Cornyn made it clear they need Wall Street’s help."

A day after the story broke about McConnell’s "private meeting" with Wall Street bigwigs, he stormed onto the Senate floor to spout false attacks on Democratic efforts to hold those bankers accountable. The timing was no coincidence.

Republicans are brazenly playing politics by putting the needs of big banks and credit card companies above struggling American families. Now is the time to hold Wall Street accountable for causing the worst recession in a generation… [emphasis added]

Inserted from <Huffington Post>

Rachel Maddow and Howard Fineman debunk the GOP lies and expose the source of the script for their talking points.

Visit msnbc.com for breaking news, world news, and news about the economy

Let the GOP lie.  But we must keep pointing out their lies and making people aware that they are accusing Democrats of doing exactly what the GOP is doing.  The problem with the legislation under discussion is that it does not go far enough.

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McCain Loses It!

 Posted by at 2:48 am  Politics
Apr 152010
 

As part of the GOP response to Obama’s foreign policy triumph, McConJob unveiled the GOP policy for dealing with Iran.

McCon-trigger During a Senate Armed Services Committee hearing today, [Faux Noise delinked] former GOP presidential candidate Sen. John McCain (R-AZ) complained that United States policy towards Iran is not tough enough. McCain reportedly said that while the United States keeps pointing a loaded gun at Iran, it has yet “pull the trigger”:

Senator John McCain says the United States has been backing away from a brewing fight with Iran, while that country moves ever closer to having nuclear weapons.

McCain opened a Senate hearing Wednesday by saying that Iran will get the bomb unless the United States acts more boldly.

Speaking figuratively, the Arizona Republican says the U.S. keeps pointing a loaded gun at Iran but failing to “pull the trigger.”

…[emphasis original]

Inserted from <Think Progress>

Keith Olbermann and John Dean connect the dots.

Visit msnbc.com for breaking news, world news, and news about the economy

Now, I am unhappy with Obama about several things, but I ask my fellow progressives who are now opposing Obama to consider where we would be had the GOP been able to steal the last election for McConJob and Mooseolini.

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Beware Contaminated Food!

 Posted by at 2:47 am  Politics
Apr 152010
 

Once upon a time, I used to enjoy eating raw meat.  Don’t worry.  Today I wouldn’t dream of it.  But I was not aware just how bad it is.

meat It is a frightening picture: beef contaminated with toxic heavy metals, pesticides and antibiotics making its way into the nation’s supermarkets.Phyllis K. Fong, the Agriculture Department’s inspector general, looked at how beef is tested for harmful substances.

According to her new report, inspectors charged with checking cattle for disease and meat for contaminants were, "unable to determine if meat has unacceptable levels of… potentially hazardous substances [and do] not test for pesticides… determined to be of high risk."

The inspectors also failed to test beef for 23 pesticides, the report says.

The study — entitled the National Residue Program for Cattle Audit Report — says there are no standards for how much of certain dangerous substances, such as copper and highly toxic dioxin, is too much for someone to eat.?? As a result, meat containing these substances has gotten into the nation’s food supply, it finds.

The report says the health danger to people who eat this beef is a "growing concern," and calls for better coordination among the USDA Food Safety and Inspection Service, the Environmental Protection Agency and the U.S. Food and Drug Administration to ensure the safety of the country’s meat supply.

"When it comes to this particular issue of these foreign chemicals, pollutants, antibiotics, things like that — they haven’t been doing enough, that’s what’s clear," says Patty Lovera of Food & Water Watch, a consumer advocacy group.

The audit report, which took place in 2007 and 2008, cited instances when inspectors found beef containing excessive levels of contaminants, but declined to recall it.

"I think the thing that was most alarming was when lab tests were failed, there was no real concerted effort to recall the failed supply," says Secretary of Agriculture Tom Vilsack.

The report also found that the metal copper has made its way into American beef.

Often a waste product from industry, it can seep into the water that’s fed to cattle.??

In one incident in 2008, Mexican officials refused a shipment of U.S. beef because it contained more copper than Mexico allows.

America has no such restriction… [emphasis added]

Inserted from <Common Dreams>

Are you shocked that our food isn’t good enough for Mexico?  It’s even worse than that!  According to Sustainable Food, the US ranks in the world’s five worst countries for food safety, along with China, Turkey, Iran and Spain!

What say you?

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Apr 152010
 

Yesterday I didn’t even keep up with comments.  My computer tech contacted me of Friday and told me that he had been thinking about my system and that asked if here had been power failures here.  When I told him our building is over 100 years old and that power failures are regular, because we have only 100 watt service, not the standard 450.  He said he thought that a power failure during a backup hadc destroyed both.  So I installed an UPC yesterday morning to isolate my computer and peripherals from the crappy power here.  I figured it would take ten minutes.  It took over two hours.  Then I went to co-facilitate the therapy group and stayed late to talk with the new therapist I’m assisting.  It went well, but by the time I got home I was shot.  At least, I’ll reply to all comments and return visits today, barring unforeseen circumstances.

Jig Zone Puzzle:

Today it took me 4:07.  To do it, click here.  How did you do?

Short Takes:

From Raw Story: A US District Court judge in southern Mississippi has ordered the Walthall County school board to stop segregating students by allowing white students to transfer to a predominantly-white school outside of their residence area and by "clustering" white students into separate classrooms in predominantly black schools.

And the GOP wants us to believe there is no red state racism.

I’m not the only one with a new tax plan.

The Daily Show With Jon Stewart Mon – Thurs 11p / 10c
That’s Tariffic
www.thedailyshow.com
Daily Show Full Episodes Political Humor Tea Party

Cartoon:

Happy Tax Day!!  I hear A & D Ointment mixed with Preparation H works well as an IRS palliative.

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 Comments Off on Open Thread – 4/15/2010

Two Must See Videos

 Posted by at 1:45 am  Politics
Apr 142010
 

Keith Olbermann and Howard Fineman discuss the Nuclear Summit, and Rachel Maddow interview Elizabeth Warren about the failure of TARP to reach Main Street, as intended.  First Keith:

Visit msnbc.com for breaking news, world news, and news about the economy

Although I still oppose his Afghanistan policy, Obama did more for world peace yesterday than Crawford Caligula did in eight years.

Now Rachel:

Visit msnbc.com for breaking news, world news, and news about the economy

While TARP helped $167 thousand homeowners, $3 million were foreclosed.  That’s a success rate of less than 6%.  Banksters are making huge profits investing the money they were supposed to use to help homeowners.  Why?  Timothy Geithner chooses not to use the tools he has to enforce TARP.  Is it any wonder that I want Obama to fire Geithner and hire Warren in his place?

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