Aug 142010
 

Elizabeth Warren went to the White house yesterday to discuss her possible nomination to head the CFBP.  The bureau is Warren’s brain child.  It wouldn’t exist were it not for her.  She was the one who raised a stink when the original proposed finance legislation lacked consumer protection.  She has earned the job.  For Obama to appoint anyone else to the position would be both bad for America and a political disaster.

14warren Somewhere along the line, Elizabeth Warren became a symbol.

She’s either the plain-spoken, supremely smart crusader for middle-class families that her supporters adore, or she’s the power-hungry headline seeker her critics loathe, a fiery zealot disguised in professorial glasses and pastel cardigans.

But no one disputes that she’s the most prominent and polarizing candidate to lead the new Bureau of Consumer Financial Protection. The idea for an independent federal agency to protect ordinary borrowers from abuses by lenders was largely Warren’s idea, and Congress made it a reality as part of the legislation adopted last month to overhaul financial regulations. The bureau’s director will be the most powerful new banking regulator in decades and the first with the exclusive mission of focusing on consumers.

As President Obama considers whom to nominate for that role, the debate has become less about who might get the job and more about whether Warren will or won’t.

Warren met Thursday at the White House with senior Obama advisers, but a presidential spokeswoman said no decision had been made. If Obama doesn’t choose her, he risks infuriating his already-agitated liberal supporters who see Warren as the only logical candidate.

If he gives her the nod, Obama risks deepening the financial community’s distrust of his administration and sparking a confirmation fight. He would be elevating a woman who, despite her mild manner, has repeatedly proven herself a thorn in the administration’s [Geithner’s]  side during her tenure as watchdog over the government’s $700 billion bank bailout program… [emphasis added]

Pasted from <Washington Post>

Keith Olbermann and Jonathan Alter explain why Warren is actually the most confirmable candidate.

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

Obama does not need to worry about offending Wall Street Banksters.  They hate him already.  Like alter said she’s a slam dunk.  If you have not contacted the White House to request Warren’s appointment, my action alert is here.  Like Alter said, she’s a slam-dunk.  Like I have said, this is a fight we cannot afford not to have.  If Republicans want to oppose consumer protection in an election year, let them.

If Obama appoints anyone else, I shall personally organize an action campaign to filibuster the nominee.

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Yet Another Republican Racist

 Posted by at 1:34 am  Politics
Aug 142010
 

Everywhere we turn, Republicans are putting their racism on display.  Here’s the latest:

14pompeo Congressional candidate Mike Pompeo issued an apology Thursday to opponent Raj Goyle, saying his campaign accidentally directed Pompeo supporters to an online blog post assailing Goyle’s religion and ethnic heritage.

A Pompeo statement said his campaign office "inadvertently posted a link to a tremendously offensive blog post."

The link was posted to Pompeo’s Facebook page on Wednesday and tweeted to his Twitter followers. Campaign officials deleted the social-networking links when they realized the content of the blog post.

The post referred to Goyle, a U.S.-born citizen of Indian heritage, as "just another ‘turban topper’ we don’t need in Congress or any political office that deals with the U.S. Constitution, Christianity and the United States of America!!!"

The post was written by Bob Pinkstaff of Wichita, a retired Marine gunnery sergeant who claims the country is being invaded by Mexicans and Muslims and that only Christians should hold public office.

Pompeo and Goyle are locked in a close struggle for the 4th District congressional seat being vacated by Rep. Todd Tiahrt, R-Goddard… [emphasis added]

Inserted from <McClatchy DC>

He says it was an accident.  If such things were rare occurrences in Republican circles, I might be inclined to give him to benefit of the doubt, but when virtually every day brings several new examples of Republicans acting on racial bigotry, it has to ge one of two things: a religious dogma or a Party strategy.

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Aug 142010
 

Yesterday I replied to outstanding comments, returned most visits, and went to do errands.  The temperature shot up.  It was the first of an anticipated four day heat wave.  As usual, I wilted.  It’s cooled spomewhat but the temperature at mu desk is still 95°, even though it’s after midnight.  I have not slept.  Whether or not I can keep up on comments and visits is a function of how hot it stays and how my body responds to it.

Jig Zone Puzzle:

Today it took me 3:35.  To do it, click here.  How did you so?

Short Takes:

From AP/Google: Longshot Democratic U.S. Senate candidate Alvin Greene was indicted Friday on two charges, including a felony charge of showing pornography to a teenage student in a South Carolina college computer lab.

If convicted, he is still a more moral candidate than DeMint.

From TPM: The closing days of a GOP primary race for state Senate between state Rep. Brian Nieves and Washington mayor Richard Stratman in Missouri got especially heated and ugly — but accusations that Nieves committed adultery and paid alleged rapist Rod Jetton as a campaign consultant were nothing compared to what has happened since election day. Nieves, now the GOP nominee, stands accused of physically assaulting Stratman’s campaign manager, Shawn Bell, threatening him with a gun, forcing him to strip and threatening the manager’s boss.

Those Missouri Republicans sure take their Second Amendment solutions seriously!

From Think Progress: Obama spoke out on the controversy surrounding the construction of a new Islamic center near the Ground Zero site, firmly siding in favor of the project.

It was the right thing for him to do.

Cartoon: from Cagle.com

14fitzsimmons

What’s up?

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 Comments Off on Open Thread – 8/14/2010
Aug 132010
 

The big fight brewing in Washington at the moment is whether or not and for whom to extend the Bush Tax cuts.  The Obama plan calls for extending them for everyone except the top two percent.  Republican plan include extending them for everyone, extending them for the top two percent only, and extending them for nobody, if the rich don’t get them too.  The Obama plan is the best one.  This is why.

13taxcuts This week, the Congressional Joint Committee on Taxation released an analysis of what would happen to the tax code if the Republican proposal to extend all of the Bush tax cuts were adopted. The tax cuts are scheduled to expire at the end of the year, and the Obama administration has proposed renewing only those for the lower- and middle-class.

“You will find Republicans resisting very strongly any bill that allows taxes to be raised on any segment of Americans today,” said Sen. Jon Kyl (R-AZ), while Rep. Mike Pence (R-IN) has said the House GOP will throw “everything we’ve got” into preserving the tax cuts for the wealthy. And too many Democrats — like Sens. Evan Bayh (D-IN) and Kent Conrad (D-ND) — have been cowed into expressing a willingness to extend the tax cuts temporarily for a year or two.

According to the JCT analysis, extending the cuts for the wealthy — which affect two percent of the population — for just one year will cost $36 billion. Obama’s plan, meanwhile, really focuses the tax increase at the very top of the income scale:

The biggest burden would fall on the 608,000 taxpayers who make between $500,000 and $1 million and the 315,000 who earn more than $1 million; the first group would pay $6.5 billion more, or an average of almost $10,000, and the second group would owe $31 billion more, or almost $100,000 on average, the analysis said.

That may seem like a lot, but even under Obama’s plan, the very rich will be paying less in taxes than they did in 2001, since they would be paying a lower marginal rate on their first $250,000 in income. As the New York Times noted, “taxpayers with income of more than $1 million for 2011 would still receive on average a tax cut of about $6,300 compared with what they would have paid under rates in effect until 2001.” For those earning between $250,000 and $500,000, meanwhile, the increase is “relatively low,” said Roberton Williams, an economist with the Urban Institute. “It’s less than 1 percent.”

So Obama’s plan has taxpayers still paying less than they were at the beginning of the decade, while adding $36 billion less to the deficit than the GOP’s preferred policy outcome… [emphasis original]

Inserted from <Think Progress>

Graphic Credit: Ezra Klien

Rachel Maddow and economist Austin Goolsby discuss the above chart and the tax cuts.

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

From what I understand, tax cuts to the wealthiest Americans only generate fifty cents in economic activity for every tax dollar lost to the government.  Those funds would be far more productively invested in infrastructure spending.

Republican claims that ending the tax cuts for the rich will cost US jobs is a lie.  The rich aren’t investing their money in US production.  They are investing it in Wall Street speculation and production in the Asian wage-slave markets.  Republicans want the tax cuts for the rich to continue, because the rich are the only people Republicans truly represent.  They are the party of No Millionaire Left Behind!

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Aug 132010
 

When  Democratic politicians lose  their spines, I often hear a groundswell of support for Dennis Kucinich.  I’m not comfortable with that, although I agree with Dennis on most issues.  When he ran for President in 2008, he said that, if nominated, he would choose Ron Paul as his running mate.  ARGH!!  Dennis!!!  How could you!!!!  For me the Eleventh Commandment is: “Thou shalt not commit Teabuggery!”  For me, this forever spoils Kucinich as a standard bearer for the progressive movement, although I shall continue to support him as a Representative.  So then, if not Kucinich, who?  I suggest Alan Grayson, a clear progressive voice.

13gibbs White House Press Secretary Robert Gibbs should be fired for failing to convey President Barack Obama’s says says firebrand progressive Rep. Alan Grayson (D-FL).

Responding to a question on MSNBC Wednesday on whether he agrees with Rep. Keith Ellison (D-MN)’s call for Gibbs’ resignation, Grayson said Gibbs "shouldn’t resign, I think he should be fired."

The Florida Democrat, who became a progressive folk hero when he declared last year that the GOP health care plan amounted to hoping people "die quickly," was responding to Gibbs’ comments earlier this week that the "professional left" that is attacking Obama’s policies should be drug-tested.

"People I know have referred to him as ‘Bozo the Spokesman’," Grayson said of Gibbs. "Hes’ not conveying the value of the president’s strategies or his plans or his programs. … He’s so far in over his head, he’d have to reach up to touch his shoes."…

Inserted from <Alternet>

Here’s the video:

Is Grayson politically correct? No!  Is he diplomatic? No!  Is accurate? Yes!  Is he bold? Yes!  Does he tell it like it is?  Yes!  Is he a fighter? Yes!  In my opinion, we need a fighter, and if Grayson steps on a few toes in the process, so be it.  We need more fighters like him.

 

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CREW Sues FEC

 Posted by at 1:56 am  Politics
Aug 132010
 

Every election, Republicans routinely violate election law and get away with it, because the Republicans on the FEC refuse to vote against fellow Republicans.  When FEC rulings come exclusively against Democrats, Republicans then claim that it proves Democrats are the corrupt party.  Hopefully that may be coming to an end.

republican_seal_cuffs It’s about time. I make a point of reviewing FEC filings on a routine basis just to see who is giving what to who. The one thing I’ve learned over the past year is this: When the FEC is asked for an opinion, it will always rule on the side of the Citizens United folks. I have yet to see them give the time of day to voters’ concerns.

CREW feels the same way, evidently. Yesterday they filed suit against the FEC, alleging a practice of summarily dismissing complaints without explanation for the basis of the dismissal. Generally, the dismissals occur because of a deadlock between the three Democrats and the three Republicans on the commission. At least, that’s the case unless it’s a request for an advance opinion of some new and ugly practice by Republican consultants like Alex Castellanos or Carl Forti’s Black Rock Group.)

From the press release:

“The gridlock at the FEC makes the Senate look high-functioning in comparison,” said Ms. Sloan. “The FEC is clearly a broken agency. Instead of ensuring fair elections in which all players follow the rules, too often commissioners refuse to act, and then, refuse to even explain why they failed to act. This leaves Americans in the dark, with no legal remedy. Even worse, candidates can freely break campaign finance laws to gain an edge in a federal election without any fear of repercussions.”

The lawsuit itself (PDF) is quite specific, and addresses a complaint filed by CREW with respect to Rep. Duncan Deport-American-Citizens Hunter’s exploratory bid for a run at the Presidency in 2008.

From the lawsuit:

On March 14, 2007, CREW and Melanie Sloan filed a complaint with the FEC against Peace Through Strength Political Action Committee (“PTS PAC”) and its treasurer, Meredith Kelley, for violations of the FECA. The complaint alleged:

(1) PTS PAC, the political action committee of Rep. Duncan Hunter who was then a candidate for president of the United States, had knowingly received 11 contributions exceeding the FECA’s individual contribution limit for “testing the waters” activities in violation of 2 U.S.C. § 441a(f); (FEC report)

(2) PTS PAC had failed to register as a candidate committee in violation of 2 U.S.C. § 433(a);

(3) PTS PAC had made an excessive in-kind contribution in violation of 2 U.S.C. § 441a(a)(2)(A) and 11 C.F.R. § 110.2(b)(1); and (4) to the extent PTS PAC had failed to report disbursements for certain television advertisements it had violated 11 C.F.R. §§ 104.3(b) and 104.9(a).

What he did:

MANCHESTER, N.H. — Republican presidential candidate Duncan Hunter, a California congressman, has used his political action committee to run New Hampshire television ads introducing himself to voters — in what some specialists say could be a violation of campaign finance laws.

In the ads, Hunter walks beside a huge wire fence and calls for it to be extended along hundreds of miles of the US border with Mexico. He then asks for viewers to "join with me, Duncan Hunter, at Peace Through Strength. Let’s make sure Homeland Security builds the border fence." (Boston.com)

 

Why it’s a big deal:

Hunter claimed his ads were nothing more than "issue ads". Yet the web address at the end of the ad pointed to a Hunter for President website. He used the PAC as a front for a Presidential bid so he could collect the higher PAC limit of $5,000, rather than the $2,300 allowed for individual candidates without identifying the PAC as a committee organized for his Presidential bid. That put him at an unfair advantage over other candidates who were in compliance with the laws.

Remarkably, the FEC’s response, received July 23, 2010 to CREW’s complaint was this:

According to Mr. Shonkwiler, the FEC found reason to believe Peace Through Strength Political Action Committee, Treasurer Meredith G. Kelley, Duncan Hunter, Hunter for President, Inc. and Treasurer Bruce Young violated specified provisions of the FECA and FEC regulations. Mr. Shonkwiler further advised that on June 29, 2010, the FEC determined to take no further action and closed the file in this matter.

Amazing. Yes, the FEC says, we did find that there was a violation of campaign finance laws, but we’re not going to take any action. Instead we’ll just close the file and pretend it never happened… [emphasis original]

Inserted from <Crooks and Liars>

There is no dirty trick to sleazy for Republicans, and that has to stop.  The more I see of CREW, the more I like them.

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Aug 132010
 

Yesterday I had some volunteer work to get done, and that took up a lot of the day, but I did manage to catch up replying to three days of comments.  I do have errands to run  today, but hope to start catching up on visits too.

Jig Zone Puzzle:

Today it took me 3:54.  To do it, click here.  How did you do?

Fantasy Football:

Lefty Bloggers Plus is now full with ten teams.  I have only changed two rules from the standard.  First. I eliminated the horrid ‘can’t trade’ rule that assigns certain players as key players and makes it impossible to drop or trade them.  If your best QB or RB is out for the year with an injury, there’s no reason not to be able to replace him.  Second, I changed it so that 8 teams, not the standard six, make the playoffs.  There’s no sense in having two teams with a bye week when more of us can enjoy playing.  Don’t forget the draft is tomorrow at 9 AM Pacific Time (Noon Eastern Time).

Short Takes:

From Chicago Tribune: Jurors signaled that despite 12 days of deliberations, they had agreed on just two of the 24 counts faced by Blagojevich — without hinting at which ones or how they voted.

I’m shocked.  I’d love to be done with this.

From McClatchy DC: U.S. District Judge Vaughn R. Walker Thursday declined to continue a stay on his finding that Proposition 8 is unconstitutional, paving the way for same-sex marriages to resume after Aug. 18 unless the measure’s defenders quickly obtain a stay from a higher court.

Hopefully we will soon be congratulating our LGBT friends.

From Think Progress: Speaking at a rally sponsored by Glenn Beck’s 9/12 Project, GOP state house candidate in Florida, Marg Baker, endorsed building concentration camps for undocumented immigrants.

If Republicans actually get away with this, which I doubt, how long would it be before they come for the rest of us?

Cartoon: from Cagle.com

13englehart

TGIF!!

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Democrats Sold Out? For What?

 Posted by at 12:30 am  Politics
Aug 122010
 

Almost everywhere I turn, I’m hearing that the Democratic Party has sold out to corporate donors.  Consider this:

12securgraph

…Republicans also attempted to obstruct the Democrats’ financial reform bill which passed last month with the support of just three Senate Republicans. Because of their willingness to always stand on the side of corporations, Republicans are being rewarded by big business. The Financial Times reports on a Center for Responsive Politics (CRP) study:

Wall Street executives are donating nearly 70 per cent of their political contributions to Republican candidates ahead of November’s mid-term elections, representing a significant shift in allegiances across an industry that has in recent history heavily favoured Democrats. […]

Wall Street executives began favouring Republicans over Democrats in December of last year, but the month of June marked the largest gap between donations to the two parties and federal candidates. The shift coincided with the intense debate on Capitol Hill over financial services reform, legislation that was passed in July.

This graph from the CRP shows the percentage of Wall Street dollars flowing to each party… [emphasis original]

Inserted from <Think Progress>

Hey Democratic politicians!  If you think caving-in to corporate criminals is worth it, get some Vaseline, because you’re getting you know what you know where!!

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