Tuesday, September 30, 2008

Newt Gingrich running for Prez in four years?



The comic part of my political sense says “Bring it On.” Let’s see you as a serial philanderer pander to the Religious Right, and see it pander back.

The serious part of me says, doorknob, no, AND, does he really think the GOP will nominate him?

Anyway, supposedly he is serious enough about it to backstab House Minority Leader John Boehner over the House GOP vote on the bailout.

technorati tags:
| |
More at: News 2 Cromley

I Am Aware of All Internet Traditions...



Latest from the Couric/McCain's Choice Interview



The latest from the Katie Couric Interview:



Couric: And when it comes to establishing your world view, I was curious, what newspapers and magazines did you regularly read before you were tapped for this to stay informed and to understand the world?

Palin: I've read most of them, again with a great appreciation for the press, for the media.

Couric: What, specifically?

Palin: Um, all of them, any of them that have been in front of me all these years.

Couric: Can you name a few?

Palin: I have a vast variety of sources where we get our news, too. Alaska isn't a foreign country, where it's kind of suggested, "wow, how could you keep in touch with what the rest of Washington, D.C., may be thinking when you live up there in Alaska?" Believe me, Alaska is like a microcosm of America.


She didn't even think enough ahead to have a prepared lie. See, this is what is bothersome.

It's an easy question.
Anchorage Daily News
Washington Times (good conservative that she is)
NYTimes


Is that so hard?

I've said it before, and I'll say it again:

NOBODY BLACK, who was this obviously incompetent and fucking stupid, would be taken seriously. The excuses made for White mediocrity are glaring.


And before anyone posts in the comments that this is a 'distraction', I have come to disagree with you.

I THOUGHT that the MSM would do its job.

I THOUGHT that the lunacy of the proposition of a Vice-Presidential Candidate NOT EVER HAVING A PRESS CONFERENCE would point out the obvious - that this woman is not qualified.

But, the MSM hasn't done its job.

So, we must point out to those who might click on this site, what a disaster this woman is. And, that, the crux of her is this:



Sarah Palin - JOHN MCCAIN'S JUDGMENT AT WORK.




THIS is what he thought of this country.

technorati tags:
| |
More at: News 2 Cromley

Simply Because Something Must Happen Doesn't Mean it Will Happen



Settlements, Bailouts, and the Roman Republic

So now Ehud Olmert thinks that Israel needs to uproot the settlements and withdraw from Jerusalem and the West Bank. That's kind of interesting in the context of this article on radical settlers, which makes pretty clear that any effort to uproot the West Bank settlers will result in a campaign of terror and assassination against Israel's leaders.

When I was in Israel with the Foundation for Defense of Democracies last June, we were given a lecture on Palestinian terrorist organizations that ended with the surprising (given the FDD sponsorship) argument that the settlements would destroy Israel if they weren't abandoned in the next ten years or so. The argument (which I substantially agree with) went like this: If not abandoned, the settlements will require either the construction of a full apartheid state, or the extermination/expulsion of the Palestinian inhabitants of the West Bank. Either way, Israeli democracy dies, and Israel cannot survive without democratic institutions. Interestingly enough, a friend and I were speaking with one of the FDD organizers after the lecture, and he made the argument that the settlers could not be moved; there were too many of them, and they held too much political power. When we asked what his solution was, he said "Eventually, one side will develop the political will necessary to resolve the situation".

I found that claim pretty scary, but then I'm not sure that the political argument is wrong. There is, believe it or not, space for the settlers in Israel, and the border could be drawn or redrawn such that some settlements would be enclosed in Israel, potentially with territorial or other compensation for the Palestinians. But that's not the problem. The problem, rather, is that the political institutions of Israeli life are insufficient to accomplish the task of removing the settlements. To vastly oversimplify, the Israeli body politic is divided into three groups; those who recognize the threat that the settlements pose and want to uproot them, those who recognize the threat but for instrumental reasons don't want to uproot them, and those who don't because they just want to watch the world burn.

The outcome, I fear, is that a majority of the Israeli population will realize the problem that the settlements represent, but that Israeli institutions (in particularly the structure of its political parties) will prevent their uprooting; fear of terrorism on the part of settlers and greed for the votes of settlers will prevent the kind of broad compromise necessary to withdrawing from the West Bank. And so, I'm afraid, Israeli democracy is in serious danger, in spite of the fact that Israel has, in many ways, a more vigorous culture of democratic participation than the United States. Other than those who are happy to watch the world burn, no one wants this outcome; nevertheless, avoiding it is going to be extremely difficult.

Posts by Ezra and Hilzoy make this point in reference to the bailout bill. There seems to be fairly broad consensus that something ought to be done, strong differences of opinion on this particular bailout bill notwithstanding. These differences are strong, however, and are by and large seriously held; people from legitimately different perspectives on the economy are going to have different bailout priorities, even within each major party. And there is also a group that is content to watch the world burn; this group constitutes the greater portion (although, I think, not the entirety) of the Republican Party. Within this context it should be possible to put together some kind of bill that will ward off the worst economic consequences of the financial collapse, but it is wrong to assume that a bill will actually happen. The Democrats could push the bill through with a party line vote, but such a bill might well be vetoed by the President, or filibustered by the Senate. Any concession either way on the current bill could easily alienate as many votes on the one side as it brings on the other. It is not at all difficult for me to believe that no bailout bill will pass; the consequences of that may or may not be grave, but in any case the risk is worrisome. Although there's plenty of perfidy to go around on the bailout, this outcome is not dependent on that perfidy; institutions can fail without any help from the evil or stupid.

Both the settlements problem and the bailout problem remind me of something I wrote a while ago in reference to the Roman Republic. Simply because something must happen does not mean that it will happen. The Roman Republic faced a series of internal crises that were evident to all and that desperately required political solution; moreover, the contours of such solution were evident to most of the relevant political players, and in the abstract were achievable. The Republic had been designed to manage the political affairs of a small city-state. The achievement of Empire made those institutions quaint; provincial governors would make war on their own authority, and return to Rome at the head of Legions bound by personal loyalty and with more money than the whole of the Roman state. The institutions of the Roman Republic, solid enough for five hundred years, were insufficient to actually achieving the necessary solutions. In the face of crises that demanded solution, the Roman Republic crumbled, because the institutional structure created vested interests and veto points that prevented the achievement of any solution. The Republic could not save itself because its very structure prevented it from doing the things that were necessary to reform. Almost no one wanted this outcome, but no one could stop it from happening. It's not that people are stupid (although many are) or dishonest (although many are); its that the institutions make certain outcomes difficult to achieve.

This doesn't mean that everything is going to fall apart. The United States, I think, faces a crisis far less substantial than that of Israel or of the Roman Republic. I'm not so sure about Israel's crisis; I do think that the settlements problem could, in the end, be as devastating to the Israeli state as the problems that the Roman Republic faced in the first century BCE. This is to say that the Israeli state may cease to exist in its current form in the same sense that the Roman Republic ceased to exist in the latter half of the first century. This also isn't a call for bipartisan hand-holding; the Republican Party has essentially ceased to be an organization interested in policymaking of any sort, and can't be regarded as a legitimate partner for the making of responsible legislation. Still, politics can fail even when almost everyone knows that they want to succeed. In the context of both the settlements and the bailout, that can be kind of scary.

technorati tags:
| |
More at: News 2 Cromley

Governor Palin, You're No Dan Quayle



Another Conservative non-Fan of Governor Palin:
“I think she has pretty thoroughly — and probably irretrievably — proven that she is not up to the job of being president of the United States,” David Frum, a former speechwriter for President Bush who is now a conservative columnist, said in an interview.
Uh-oh.  But wait, there's MORE:
Polling suggests that the number of Americans who think she is not fit to be president has increased since her introduction to the country last month. A number of conservative columnists and thinkers have publicly turned against her, or criticized Mr. McCain for choosing her, including George Will, David Brooks and Kathleen Parker, who wrote a column entitled “She’s Out of Her League” for the National Review Online.
But this last part should send a chill down everyone's spine:
Mr. Frum noted the difficulty that Dan Quayle, who was elected vice president in 1988, had in recovering from an early set of mistakes that led him to be ridiculed as an intellectual lightweight. “The story of Dan Quayle is he did probably 1,000 smart things as vice president, but his image was locked in and it was very difficult to turn around,” he said. “And Dan Quayle never in his life has performed as badly as Sarah Palin in the last month.” [Emphasis added.]
Some reminders.

Vice-President Potatoe on the environment:
It’s not pollution that is hurting the environment, it’s the impurities in our air and water that are doing it.
On 9/11:
There were no Palestinians riding on planes on September 9th.
And then the classic:
What a waste it is to lose one's mind. Or not to have a mind is being very wasteful. How true that is.
THAT Dan Quayle.  According to David Frum, he never (NEVER) performed as badly as Sarah Palin.

technorati tags:
| |
More at: News 2 Cromley

Olmert's Views



Shocked. Just shocked.


I wonder how much of it is political and how much of it isn't. Perhaps the man has truly come to his senses.

A personal clarification: I have no interest in Israel other than that I don't support us giving money and weapons to them (or anyone else.) I don't like when Obama or McCain says things to the effect of unconditional support of Israel. That kind of entangling alliance is the sort of thing the founding fathers warned against.

technorati tags:
| |
More at: News 2 Cromley

Hilzoy gets bailout all wrong — overlooks need for ‘tough’ tough love



Over at Washington Monthly, Hilzoy says, in essence, “Now is the time for all good liberals to come to the defense of their country Wall Street.

That includes disparaging a provocative, if too conservative-philosophy based, blog post about personal responsibility by

Here’s my response:
Hilz, further comment re Riehl — it’s credit-fueled greed on “Main Street” as well as Wall Street that got us into the mortgage related issues in the first place.

Many mortgages now gone sour were not by naive first-time buyers. Instead, they were by:
1. Second-time buyers wanting a McMansion, and in part for the myth of home equity;
2. People buying a second, third, fourth, etc. home for rental income;
3. People buying homes to “flip.”

We don't bail out stockholders (even in the earlier, individual company bailouts, bondholders kept their preferred positions over stockholders). Why should we bail out these types of mortgage owners?

Seriously, as Barack Obama and some other black leaders have talked about parental responsibility, why shouldn’t liberals talk about the need for fiscal responsibility, and the indulged fiscal irresponsibility of the past, even if the “tough love” message has a large measure of “tough”?

technorati tags:
| |
More at: News 2 Cromley

Random sports stuff



(1) A statistic that will appeal to any baseball fan's inner geek: Alex Rodriguez has scored one fewer run than he's batted in in his career, and he's consequently 691 RBI short of Hank Aaron's career record, and 690 runs scored short of Rickey Henderson's career mark. Bill James's favorite toy formula gives him a 39% chance of breaking the RBI record and a 36% shot at the runs scored crown. It also projects him to finish with exactly 760 career home runs (somehow I doubt he'll stop at just that number), which of course means he's projected at even money to break Bonds' record.

(2) As a Detroit Lions fan, it gives me a certain grim comfort to know that Oakland Raiders fans are in an even worse position, given that their franchise is being held hostage by a senile madman. Al Davis' latest stunt is that he's flatly refusing to pay the millions he owes newly fired coach Lane Kiffin. Davis has a history of doing this (he still owes Mike Shanahan a lot of money). Davis, who is 79, claims that he won't quit until "he" wins two more Super Bowls.

(3) The NFL replay rule, which gives coaches three challenges per game, plus unlimited replay discretion for the officals in the last two minutes of halves, is vastly superior to the college version, where every play is subject to potential review at the discretion of the officials. This leads to pointless delays as the refs review trivial plays, compounded by their occasional failure to review crucial plays that absolutely should be looked at again. A flaw with both systems is the standard of review, which is far too high -- "indisputable visual evidence," which is supposed to be a beyond a reasonable doubt standard. If you're going to review the play, it should be done on a de novo basis, or maybe with a clear and convincing standard, which in effect is what a lot of replay officals end up using informally.

(4) This is pretty awesome: http://www.youtube.com/watch?v=WyLCo5AUo0A

technorati tags:
| |
More at: News 2 Cromley

A poorly managed $700 billion



A

technorati tags:
| |
More at: News 2 Cromley

Black Political Analysis's Thoughts on the Debate



At Ole Miss, we were kept busy Debate Week. Lots of interviews with print, radio and television journalists. Good fun. Yet, at the end of the night, I watched it on television (albeit in the media tent next to the Ford Center) like most Americans.

I felt that Senator Obama was stronger on the economic points early in the debate. He did a better job of talking to the middle class and explaining why his policies would benefit the middle class. He was very good at explaining how the Republican philosophy is an illusion: cut taxes, cut regulation = a growing gap between rich and poor and a shrinking middle class.

I did not like how often Obama said "I agree with you, John" during the debate. To me, it seemed a little demeaning and I did not think he needed to go there. Obama is more likely to work to find a consensus on contentious policy matters and polling seems to bear this view out. Many independents seem to find Obama more agreeable, so he might end up benefiting by appearing more concerned with opposing viewpoints. It certainly makes him seem less partisan, and McCain more partisan.

Senator McCain can barely hide his disdain for Obama. His disrespect for Obama (his peer) is palpable. It feeds into the notion that McCain is too dismissive of competing viewpoints. While Obama handled his own on foreign policy, McCain used his experience to his advantage. Many Americans were sure to be impressed by the litany of places McCain has visited and many world leaders he has met.

Is that actually trivial? It shouldn't be, but it is. In 2000, George Bush practically bragged about how few places he'd visited. Yet, Americans were quite comfortable electing a provincial nativist in '00,;now it seems McCain can challenge Obama because he's only been to Iraq twice.

Finally, McCain was more aggressive and punchy as the debate wore on. Obama was reduced to parrying McCain's jabs, but could not really go on the offensive, which I thought would suit his needs better. I call it a draw.

technorati tags:
| |
More at: News 2 Cromley

Palin’s Indian problem



Yet another issue of her time as governor — she wants to emasculate Alaskan Natives’ subsistence rights to boost sport hunting and fishing.

Wait? Where’s her mythically “part-Eskimo” husband on this? (Leave it to GOPers to use the unaccepted term, anyway.)

technorati tags:
| |
More at: News 2 Cromley

Brian Schweitzer closer in bed with King Coal



And, becoming a cheaper whore all the time.

You know, I first noticed this about the time I got the boot from Kos for being too liberal, too green and too much in Armando’s grille, all of which were needed, and none of which were solely my stances.

At about this same time, Kos himself was whoring for Schweitzer, about the same time he started talking about all the closet liberals in the CIA. ’Nuff said right there, right>

Anyway, Schweitzer is now claiming that even synfuels, i.e., coal gasification, is “clean coal.”

When the Democratic Party, at a national level, is so desperate that it parades people like this as future stars, well, that’s yet another reason I’m not a Democrat.

I’m a real progressive. And, I’m not alone:
With the resurgence of the Democratic Party in the West, many Democrats are reluctant to openly criticize their leaders. Although they squirm with every mention of “clean coal,” Montana Democrats remain positively giddy over the prospect of another sweeping Schweitzer victory this November against a weak Republican candidate. Unity, however, does not mean blind acceptance of misguided policies that will lead to economic and environmental disaster. Did anyone else notice that as soon as Obama said “clean coal” in his acceptance speech, half the audience sat down?

Yes, I did, Mr. Greg Gordon, yes I did.

technorati tags:
| |
More at: News 2 Cromley

The real reason McCain ‘parachuted in’ then back out



Two words: Sarah Palin

I think I’ve finally figured out why Schmuck Talk Express™ dropped in and chatted with House GOP members last Friday. Per this Slate column , it’s his latest attention-getting antic, or perhaps …

An attention-diverting antic to get the focus off Thursday’s Veep debate.

Or, even better, to parachute back into DC again sometime Wednesday night, then magically deliver a vote in the Senate for a tweaked version of the Pelosi package.

C’mon, now, you know it’s possible!

technorati tags:
| |
More at: News 2 Cromley

McCain, Palin, play ‘gotcha journalism’ card



But Katie Couric, showing she deserves a long run honchoing CBS News, gives the pair a total smackdown:
“It wasn’t a gotcha,” Couric insisted. “She was talking to a voter.”

Then, Schmuck Talk shows himself to be the walking embodiment of brazenness in lying:
“No,” McCain insisted back, "”he was in a conversation with a group of people talking back and forth, and I'’l let Gov. Palin speak for herself.”

The story goes on, a few grafs later, to say, “McCain stepped in to defend his running mate.”

And, he spoke to cut her off more than once earlier.

technorati tags:
| |
More at: News 2 Cromley

Bailout doesn’t address default swaps



They’re known as an “Ebola virus,” in the words of story author Nicholas Varchaver, “essentially the dark matter of the financial universe,” by quoted hedge fund manager Chris Wolf.

In essence, they’re an “Intrade” of sorts that propped up the various forms of mortgage-backed securities for several years now, and are at the heart of the current financial mess.

And, Crazy Uncle Henry’s Damaged Derivatives Dump does nothing about them.

Read the whole story to learn more about what’s at stake.

technorati tags:
| |
More at: News 2 Cromley

Ohio MOA Readers, Or If You Know Someone In Ohio



Today marks the beginning of early voting in Ohio.

This is the first time where you can REGISTER TO VOTE and then PROCEED TO VOTE in the SAME DAY.

So, if you're from Ohio, go out and vote. If you have family or friends in Ohio, tell them about it and that they can load up their cars with unregistered folks and register them and get them to vote - in a one shot deal.

technorati tags:
| |
More at: News 2 Cromley

Bush can’t even carry his home state — and doesn’t understand politics



In Texas, 15 of 19 GOP Congressmen voted against the bailout.

At least that was better than John McCain. Schmuck Talk Express™ couldn’t deliver a single Arizona GOP Congressman.

And, no, they were NOT influence by
“They aren't pissed off at Pelosi,'”Darrell Issa said. “They are pissed off at Paulson, they are pissed off at Bernanke, they are pissed off at Cox.:

Here’s Pelosi’s alleged “well-poisoning” speech.

Besides, many non-liberal Dems voted against the bill. Why? (And more on the “more liberal Democrats” in a minute.)

They were all swing-state Congressmen in tight elections. That includes the 17 GOP freshmen, all who voted no.

And the Udall brothers, both running for Senate, voted no as well.

Among the members of the Progressive Caucus, meanwhile, a 46-29 yes split parallels to a T the entire House Democratic caucus.

Back to the swing staters, though.

Bush, Paulson and Bernanke are three caknuckleheads; Paulson and Bernanke should have figured out a “patch” to get to Nov. 5, stopped short-selling sooner than Paulson did, and leaned on Chris Cox to find a way to restrict trading at the NYSE. Maybe even declare a limited bank holiday.

Then, while canvassing electoral votes, let the lame-duck session deal with the issue, if possible.

Of course, in hindsight, Paulson should either have bailed out Lehman after all, or else been more ready for the consequences. Or, even better, let Bear fail earlier and bit the big bullet then.

Finally, leave it to the WSJ; behind the excellent news coverage, at least one op-ed writer is ina In Texas, 15 of 19 GOP Congressmen voted blame the Dems spin.

technorati tags:
| |
More at: News 2 Cromley

Sex and Finance



September 30, 2008, 8:30 a.m.

Sexual Assault Aftermath, Global Collapse, Links and More

Sexual Assault Aftermath

First, here are links to some recent and related entries:

The most extensive collection of material: Nicholas Johnson, "University of Iowa Sexual Assault Controversy -- 2007-08," July 19-present
"Cleaning Up After the Party," September 26, 27, 2008 (includes link to Mills' response to Stolar Report)
"Which Would be Worse?" September 25, 2008
"Scapegoat Bites Back," September 24, 2008
"Got Questions?" September 23, 2008
"Rational Responses to Stolar and Global Finance" (includes "The Case for Mills and Jones"), September 20, 2008
"Extra: Stolar Report," September 18, 19, 2008 (includes liink to Stolar Report)

To which the Press-Citizen has added a couple of additional stories this morning:

Brian Morelli, "Campus reaction to recent events varies," Iowa City Press-Citizen, September 30, 2008, p. A1, which reports, as the headline suggests, that some are supportive of the Regents/Mason firings, some very disturbed, and the remainder make up the ever-present apathetic ("UI history professor Katherine Tachau said having read comments from well-regarded people in the UI community such as former UI President Sandy Boyd, former law school dean Bill Hines and former UI General Counsel Mark Schantz, who don't often comment publicly, 'I take that as a sign that there are serious governance problems now because of what is seen as an overly hasty decision with insufficient due process.'").

Lee Hermiston, "Ex-education lawyer criticizes UI firings," Iowa City Press-Citizen, September 30, 2008, p. A1 ("Sheldon Steinbach, a Washington, D.C., attorney, [who] served for 37 years as the general counsel for the American Council on Education . . . said he questions the report done by the Stolar Partnership . . .. 'Having read this sort of B-minus report over a second time, I fail to see what in that report ... warrants their termination, if anything," Steinbach said, adding that their firings 'border on the extraordinary.'").

And The Daily Iowan reports the UI's proposed all-employee sexual harassment training program is also opening to mixed reviews: Matt De La Peña, "Harassment training receives mixed response," The Daily Iowan, September 29, 2008, p. A1 -- and check out the comments while you're there.

Meanwhile, The Gazette reports: Diane Heldt, "UI investigates anti-gay graffiti," Gazette Online, Updated September 29. 2008 7:40 p.m.

"Global Collapse"?

First, a couple links to prior entries:

"How Much Do You Owe the Chinese?" September 6, 8, 2008

"Global Finance: The Great Fountain Pen Robbery," September 21, 2008.

"Alternatives to 'The Plan,'" September 28, 2008.

Well, "The Plan" got voted down yesterday. Jonathan Weisman, "House Rejects Financial Rescue, Sending Stocks Plummeting," Washington Post, September 30, 2008, p. A1.

The sky has yet to fall. The Dow's drop was predictable -- but much of it occurred before the vote. The Japanese market was down around 4%, but that was about the world's worst. Europe's markets regained most of their decline. Russia's problems had to do with the price of oil, not U.S. mortgages and bankers' greed.

Two-thirds of the House Republicans voted against it -- a plan created, strongly supported, and widely publicized by their own Party's President and Secretary of the Treasury.

Forty percent of the House Democrats voted against it -- because (among other things) provisions they felt essential had been stripped out of it in order to get more Republican support.

I think both groups of nay voters were right to reject it -- albeit for their different reasons.

That's not the same thing as saying we should do "nothing." It's only saying Congress shouldn't be doing what they are being urged to do, with the speed at which they are being urged to do it.

The Republicans say we have not yet begun to consider a whole range of marketplace options that could reduce or eliminate the need to socialize the financial sector and require taxpayers pick up the predictable losses from irresponsible, excessive private greed.

As I laid out in "Alternative to 'The Plan,'" linked above, we need to focus more on the needs of depositors (let's first fully fund FDIC), the unemployed (unemployment compensation, training programs, and a CCC-like program ready to roll), and homeowners (permitting those declaring bankruptcy to keep their one home, or at least have their mortgage readjusted to represent the home's actual value), and less on the CEOs.

Bankruptcy is not my field, so I can't personally say what follows is true. But a bankruptcy lawyer recently pointed out to me that when a firm declares bankruptcy, if the CEO and other executives have paid themselves bonuses based on fraudulently inflated accounting statements, those bonuses have to be repaid to the trustee in bankruptcy for distribution to creditors. Thus, when Henry Paulson the magnificent magician one evening turned Goldman Sachs and Morgan Stanley from investment banks into conventional banks, thereby enabling them to avoid bankruptcy, he may have also enabled their CEOs to keep millions of dollars in self-awarded bonuses they would have otherwise had to surrender.

"Doing something" is not always the best response to a crisis -- when, as in this case, the details of that "something" are unknown, there is no confidence the "something" will make things better, it will have known adverse effects, will transfer enormous and Constitution-challenging power to one unelected person, and will redistribute an unprecedented amount of debt from the wealthy to the middle class and poor.

We took a long time to think through and respond to the savings and loan bailout. This challenge deserves no less.

# # #


technorati tags:
| |
More at: News 2 Cromley

The Pelosi-Obama style - not so much the rage at themoment



Here is the link to the latest at the new home of Heidi Li's Potpourri.

The Pelosi-Obama style - not so much the rage at the moment



technorati tags:
| |
More at: News 2 Cromley

Bad Strategy and Double-Crosses



Yglesias makes a couple good points about the failure of the bailout bill. I especially agree that Paulson isn't getting nearly enough blame for having completely botched the process at the start. Paulson's initial proposal reminds me of the great scene in A Civil Action where Schlichtmann opens up settlement negotiations with an utterly outrageous proposal, which rather than bringing a counter-offer simply causes the other parties to walk away from the table, starting a spiral that would lead to him losing his shirt although he had a good case against one of the defendants. While an initial proposal should be more than you think you can get, Paulson's proposal was so baldly indefensible that it made getting even an improved plan passed much more difficult, and initial negotiations should have occurred in private.

I think this is also right:

The House conservatives who sank the bailout didn’t do so because they were listening to loud and angry voices. They sank the plan by accident. They were trying to double-cross the Democrats. First, they wrung lots of concessions out of Democrats at the negotiating table as the price for delivering 80 votes. Then, by not delivering 80 votes and forcing Pelosi to pass the bill as a partisan Democratic bill, they were going to wage a demagogic anti-bailout campaign. But Pelosi refused to be played for a sucker and so the conservative inadvertently sank a bill that, all evidence suggests, they actually wanted to pass. They just wanted to vote “no” on it for short-term political gain.

It seems pretty obvious that if Boehner can't get enough of the people sharing his clown car to vote for a bill, then the Dems simply need to pass a better bill and take responsibility for it (since they'll get it anyway.) If the GOP wants to make a big issue out of maintaining stringent bankruptcy laws in this economic climate, let 'em.

technorati tags:
| |
More at: News 2 Cromley

Visit Raja Petra for Raya



Fancy making a trip to Kamunting to convey Raya greetings?

Bukit Bendera Parlimentary Liaison Committee along with several Penang-based civil society activists, are planning a drive to the Kamunting Detention Centre in Taiping on the second day of Raya to convey their greetings to the ISA detainees:

Flowers, cards and gifts, if any, will be passed on to Raja Petra and the other ISA detainees to let them know that they are not forgotten on this special day. RPK's wife Marina has been informed of the event and she will be there to join us. The Press will also be invited for this event.
Date: Thursday, 2 October 2008

Meeting Places: 
(1) DAP Bukit Bendera Service Centre, Wayton Court, Penang (9.00am)
(2) Tesco, Penang (9.15am)

Dress code: Black
We shall begin our journey latest by 9.30am and arrive at the Kamunting Detention Centre by 11.00am latest. Here, we shall link up with those from other places like Taiping and and other parts of Perak. 

Those interested, please register or inform our committee member Mr Ronnie Tan at 012-4277883 

For those folks that are coming from KL, Mr. Sunil had volunteered to coordinate / assist in whatever way he can.  He can be contacted @ 012-2537206

I will not be able to make this trip, but I'll be planning another to Kamunting soon enough. Have a good trip!


technorati tags:
| |
More at: News 2 Cromley

SNL goes too far!



While the opening skit was funny this Saturday, I thought SNL went too far later in the show when they did another Palin/Couric interview send-up that included John McCain. It seemed to suggest that Palin was incapable of being trusted to answer questions without help. Sexist!

Here's that skit:

.


technorati tags:
| |
More at: News 2 Cromley

Cards overpay for Lohse



With Chris Carpenter’s return next year the matter of a lot of speculation, Mulder out the door, and not a lot in the starting pitcher cupboard in the minor leagues, the Redbirds offered a touch more than $10 mil a year on a four-year contract to a pitcher who had has first sub-4.00 ERA season ever this year.

Even in the years of his early promise and his only two previous 10-win seasons, his ERA was still pretty high.

technorati tags:
| |
More at: News 2 Cromley

Hubble telescope as dead as bailout?



NASA has scrubbed a long-awaited, long-planned Hubble rescue mission.

But, it didn’t plan for a totally unexpected problem. And, it’s a serious one.

Hubble has stopped sending data.

But, NASA’s Ed Weiler is right that it’s much better to have happened now than after the scheduled repair mission got there then returned home.

Read the whole story for possible causes and both temporary and longer-term fixes.

technorati tags:
| |
More at: News 2 Cromley

Mooseburger Vs. Cheesesteak



Cheesesteak wins!

From WGRZ:
A few hundred protesters lined the streets of downtown Philadelphia as Republican vice-presidential nominee Sarah Palin visited an Irish bar before Friday night's debate.

Video here.


technorati tags:
| |
More at: News 2 Cromley

Sorry!



It's my fault the bailout vote failed and the DOW cratered.

Yesterday was a travel day for me and when I was in DC I must have unconsciously looked funny at some Republicans and later when I was in lower Manhattan I said "boo" to some pigeons and some guys in suits heard me.


.

technorati tags:
| |
More at: News 2 Cromley

Hazel Blears and Stephen Pound: film stars



The latest Calder's Comfort Farm can be found on the New Statesman website:
I have been told that Glenda Jackson, an obscure backbencher who was briefly a transport minister, appeared in a film once. It sounds unlikely to me.


technorati tags:
| |
More at: News 2 Cromley

Ask an Apocalypse Specialist



Dear Dr. Farley,

In view of the impending financial distress, I'm worried about my cats. Should I stock up on cat food, or will it be available in post-apocalypse America?

Thanks,

Worried in Dubuque

Dear Worried in Dubuque,

No. You should concentrate on stocking up on firearms, clean water, and canned goods. Cat food will most certainly not be available in post-apocalypse America; any housecats will only be a drain on your resources. Your cats should be eaten at the first opportunity, followed by the eating of any surplus cat food. Most such food is edible by humans, and while you may be tempted to "fatten up" your cats, much of the energy in the cat food is lost when its eaten by the cat.

Dear Dr. Farley,

Will they need political scientists in post-financial apocalypse America?

Tenured at Texas Tech

Dear Tenured at Texas Tech,

No. They don't need political scientists now, and certainly won't need them after the apocalypse. I suggest you find a new profession, such as trapper, tanner, mercenary, or apocalypse specialist.

technorati tags:
| |
More at: News 2 Cromley

Hazel Blears and Stephen Pound - film stars



The latest Calder's Comfort Farm can be found on the New Statesman website:
I have been told that Glenda Jackson, an obscure backbencher who was briefly a transport minister, appeared in a film once. It sounds unlikely to me.


technorati tags:
| |
More at: News 2 Cromley

Progressive Dems may have alternative on bailout — if Pelosi allows it



But, it may have its own issues — namely, that FDIC insurance is more illusory than real

Here’s an interesting tidbit . Many Democratic “no” voters either decided on their vote, or had their resolve firmed, after talking to former Federal Deposit Insurance Corp. Chairman Bill Isaac.

Interesting.

Apparently Isaac had some ideas, but Pelosi had “locked down” the bill, so he couldn’t offer them.

Meanwhile, the Senate may jump-start the House with a Wednesday vote on a bill similar to, but not the same as, the House version. I don’t know if Senate deliberation is still subject to cloture rules or not.

Even more interesting:

The same story says many House Republicans want the FDIC more involved. Now, current and former FDIC heads may offer different sides of the aisle different advice. But, Bill Isaac’s 2008 cycle campaign contributions are all GOP, so he’s not bringing anything partisan to the table.

What’s Isaac’s take? He says the FDIC needs to be more involved with “a href="http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aP0flwFILdqQ">backstopping” institutions at risk.

BUT, if you’re like me, I’ll bet you didn’t know the FDIC insurance pool ais just a fiction — per Bill Isaac.

So, do you really WANT the FDIC more involved?

Final thought; the fact that at least some conservative Republicans and some progressive Dems are on the same page makes me wonder if Pelosi was playing political baseball — but, only after she realized Boehner couldn't deliver his votes.

technorati tags:
| |
More at: News 2 Cromley

It's time for five minutes of pure beauty.





I've posted this before but it's time for a repeat. There is nothing to watch. Just listen. Turn up the sound, close your eyes, block out the distractions of the day and listen. Try to feel the music. No other piece of music affects me the way this piece does. It is the only piece of music that regularly and consistently moves me to tears. And this is a particularly beautiful rendition -- I've heard it butchered as well -- and that moves me to tears for other reasons. Take the five minutes, you need it, you deserve it. You won't regret it.

technorati tags:
| |
More at: News 2 Cromley

Canada-U.S. Issues in a Time of American Upheaval: A View from the Ground (ie: a Canuck in New York City)



A

technorati tags:
| |
More at: News 2 Cromley

Britblog Roundup 189



The Financial Times on Black Monday



A Berkin government official, asked about the general situation, told the FT: "We are walking on the edge. This is a really, really serious situation and we have no idea what tomorrow will bring. The catastrophe we've just averted with this bailout may still happen in the end. No one can say."
Read the full report.

technorati tags:
| |
More at: News 2 Cromley

Monday, September 29, 2008

Xenophilia





My friend Nathan was trying to put a video on his Busoga Shining Light Association blog. He mentioned this on an IM just as I was about ready for bed. I mentioned to him that I thought the easiest way to do it was to sign up to YouTube and post the video there and they would make the code for it. He was trying something else, and I went to bed. Then this afternoon he messaged me and asked if I'd seen the video. I hadn't. He told me to check the link at his blog, I scrolled way down to see a link in the sidebar under the heading Drama. I also noticed that he added a link to this blog.

I'm delighted by the video which is a short presentation as part of the BSLA Drama Group. The Group provides HIV and living with AIDS messages. I had seen photographs earlier, but to actually hear what's going on adds a whole new element. I'm also delighted that my suggestion was useful to Nathan. The best way to learn about all these Web tools is just playing around with them and I'm very happy Nathan is willing to do that.

Ethan Zuckerman posted a great post today with the text of a talk he gave at Mastermundo. Ethan Zuckerman has written quite a lot about xenophilia, even more important he's tried to encourage people to become xenophiles in many practical ways. Not the least of it by co-founding Global Voices. If you click that link consider signing up for the daily digests which go right into your email box. The digests are a great way to serendipitously hit on interesting stories you won't find elsewhere. Global Voices is a sort of Readers Digest of what bloggers around the world are writing about. Zuckerman in his talk points out that xenophilia is hard to promote because people tend ordinarily toward homophily. Homophily is summed up by "birds of a feather stick together." If you want to learn more about xenophilia and homophily read his great post from this spring: Homophily, serendipity, xenophilia. Read today's post Mastermundo, and the challenge of breaking rules, it will probably make you want to learn more, because Zuckerman is a great storyteller.

technorati tags:
| |
More at: News 2 Cromley

Not everything you learned about history in grade school is actually true



I missed this from Tapper the other day. Commenting on the fact that Obama and Biden appeared in a Virginia rainstorm, he wrote:
Astute students of history have noted, weather is not something politicians should take lightly. The presidency of William Henry Harrison, indeed Harrison's life lasted a mere month after after he caught a cold at his inauguration, which was held outside on a chilly Washington morning.
I won't be too hard on the guy here, since I only learned about two years ago that Harrison actually didn't fall ill after delivering his inaugural address, but instead developed a cold -- and soon after pneumonia and pleurisy -- three weeks into his presidency. But still. If you're going to make a medically untrue observation about how people actually get sick, and if you're unwilling to spend a few seconds on the internets to weigh the historical veracity of your irrelevant aside, you'd do well not to open the sentence by invoking what "astute students" happen to think.

He could have salvaged himself, though, by at least linking to this definitive account of Harrison's life:



technorati tags:
| |
More at: News 2 Cromley

And So, After 31 Years, Monday Morning Clacker (aka Christopher Stewart) Gets His Own Shop



GreenMountainPolitics1 lives on forever in "The Google".

And our archives will remain untouched (making all that harried downloading by various "interests" unnecessary).

Meanwhile, the action has moved here.

technorati tags:
| |
More at: News 2 Cromley

Think on This....



From The Daily Dish

Palin Knows Of No Other Court Cases Except Roe
29 Sep 2008 06:39 pm


Yes, it can get worse:

The Palin aide, after first noting how "infuriating" it was for CBS to purportedly leak word about the gaffe, revealed that it came in response to a question about Supreme Court decisions. After noting Roe vs. Wade, Palin was apparently unable to discuss any major court cases.

There was no verbal fumbling with this particular question as there was with some others, the aide said, but rather silence.


technorati tags:
| |
More at: News 2 Cromley

Ackerman from Afghanistan



Last week, Spencer Ackerman and I diavlogged about Afghanistan. Spencer was in Kabul at the time; I was merely in Cincinnati...

Also check out Spencer's Afghanistan coverage at the Washington Independent.

technorati tags:
| |
More at: News 2 Cromley

A tribute to Ed Abbey and 'Desert Solitaire'



ARCHES 1968

Written within the mindset, and through the eyes and viewpoint of, Ed Abbey, as a reflection on the 40th anniversary of “Desert Solitaire.”

Goddam people.
Goddam stupid people questions.
Get the goddam fuck out of MY ARCHES.
I ought to shoot you.
Or sic one of my snakes on you.
Or bury you
Beneath blown-up rubble
From a destroyed Glen Canyon Dam.

Ahh, juniper.
Growing twisted and crazy,
Just like me.
That’s why I like you,
You slow-growing, stubbornly living
Anarchic bastard like me.

Ohh, the desert stars,
With a trace of moon,
And no goddam people.
Just enough waxing moon
For a nighttime hike
Through Fiery Furnace,
Then back home —
The red rock home, not the trailer one —
To bask in fading heat.

Goddam, Bates!
What’s this talk?
A National Park now?
Wasn’t Canyonlands enough?
I guess not.
Did Proudhon write about Park envy?

Maybe we need to blow up some park roads
When we blow up that goddam dam.


Moab, Utah, gateway to Arches National Park, or the former Arches National Monument Munnymint of Ed Abbey’s “Desert Solitaire,” will be the sight of the Confluence Literary Festival Oct. 14-19. The “confluence” comes from the confluence of the Green and Colorado rivers in Canyonlands National Park, west and southwest of Moab and another favorite tramping ground of Abbey, given that Lake Powell almost laps at its southwest corner.

The conference will have some heavy Western literary hitters, including Doug Peacock, Abbey’s model for Hayduke in the “Monkey Wrench Gang,” official Abbey biographer Jack Loeffler, and Craig Childs.

Abbey wrote “Desert Solitaire” in 1968, based on his experiences as a seasonal ranger in Arches.

technorati tags:
| |
More at: News 2 Cromley

Some Wall Street bailout perspective from 1987, please



As far as Wall Street crying over spilled melamine-laced milk to the tune of 778 points and $1.2 trillion, you have to look at percentage of drop to put the Street into perspective.

In terms of percentage, 1987 was far worse.

Courtesy of Wikipedia, here’s some talking points. In loose-floating numbers, the drop was “just” 508 points, but…

That was 22.7 percent of the 1987 Dow, and the highest one-day decline in history by percentage.

In response, the NYSE and other markets were placed on restricted trading.

NYSE CEO Duncan Niederauer certainly has that option, either alone or in conjunction with London, Frankfurt, Hong Kong, Tokyo and a few other places, of doing the same tomorrow. Why he wasn’t already prepared to do that today is beyond me.

And, today wasn’t even the second-worst loss in terms of percentage. That happened in December 1914, when the NYSE reopened after a long siesta at the start of WWI. The Dow fell more than 24 percent that day.

Second, as I said in mybailout alternative post, it’s now a “seller’s market,” or a “buyer’s market,” depending on how you define buyer and seller.

If the Street is really THAT worried, it will agree to new regulatory issues on the Democratic side. And, it will threaten, at least, GOP Congressmen with stopping the campaign check gravy train. THAT, more than potential public reaction, would get House GOP members’ attention with five weeks left until Election Day.

Finally, I said earlier that a real bailout bill would push for looking at possible criminality.

Pelosi and Reid, if you really want leverage, go up to AG Mukasey, since he just approved a special prosecutor on the attorney firings, and tell him you want a special prosecutor for this, too.

You will see Henry Paulson and Wall Street shit their collective pants.

So, let’s put this all into some perspective.

technorati tags:
| |
More at: News 2 Cromley

Don't speed in Frisco and pay for it with plastic



I am talking about the Collin County suburb of Dallas, not the wrongly used nickname for The City By the Bay.

Frisco, suburban Dallas, per a friend, has a $6.50 surcharge for paying for moving violations with debit or credit cards.

Ridiculous.

technorati tags:
| |
More at: News 2 Cromley

Don't know much about history



The latest edition of the Palin Follies is a report that a so-far unaired portion of the Couric interview reveals that she is apparently unable to name any Supreme Court case other than Roe v. Wade.

Obviously being next in line to the presidency doesn't require that one be a Jeopardy trivia champ, but on the other hand people need to keep in mind that we humans don't come with pre-loaded software or anything.

If you've spent you're whole life in a small town in a sparsely populated and very isolated part of the world, with the exception of the six years you spent messing around at five colleges, (by the way the media have remained studiously uninterested in the details of her curious academic wanderings -- was she, for instance, getting kicked out of schools for poor performance?), and you can't answer the most straightfoward interview questions without conjuring up phrases like "train wreck" and "verbal salad" even among some of your political allies, then there's no particular reason why anyone should assume you know much of anything at all pertaining to the wide world beyond the borders of Wasallia Alaska.

I suspect the depth of Palin's ignorance can be compared to a well in which you toss a rock, and then wait for it to hit the bottom, and then you wait, and you wait . . . and you start to wonder if the thing goes all the way to China, and finally many seconds later there's an incredibly distant, barely audible plunk.

Does she know what the Bill of Rights is, or the Louisiana Purchase? Can she identify where the phrase "four score and seven years ago" comes from? Does she remember the Maine? The League of Nations? The New Deal? Seriously, I'd like to hear her describe what the Vietnam war was about, or for that matter Watergate or the impeachment of Bill Clinton.

Oh it's all morbidly fascinating, until somebody gets hurt.

technorati tags:
| |
More at: News 2 Cromley

Who's Buying the F-35?



The United Kingdom is considering pulling out of the F-35 project:
BRITAIN is considering pulling out of a £9 billion project with America to produce the new Joint Strike Fighter (JSF) aircraft, intended to fly off the Royal Navy’s forthcoming aircraft carriers.

The move is part of an increasingly desperate attempt to plug a £1.5 billion shortfall in the defence budget. The RAF’s 25 new Airbus A400 transport aircraft could also be at risk.

Studies have now been commissioned to analyse whether Eurofighters could be adapted to fly off the carriers.

Since the Typhoon doesn't have a VSTOL (vertical/short take off landing) variant, this would seem to require a slight redesign of Queen Elizabeth and Prince of Wales, the Royal Navy's two proposed super-carriers. Those carriers are large enough to operate fixed-wing aircraft, but weren't initially expected to have catapults and arrestor gear. If the British dump the F-35, arrestor wires will need to become part of the design.

Of course, since the F-35B (the VSTOL variant) apparently only has three weapons bays (compared to eight for the Typhoon), this may not be such a terrible thing. This also comes on the heels of a major computer simulation that seemed to demonstrate that the F-35 was hopelessly outmatched by the Russian Su-35. Then again, that simulation may have been rigged in favor the Su-35, such that the Air Force could argue for more F-22s. Bill Sweetman has more details on that particular possibility.

technorati tags:
| |
More at: News 2 Cromley

Smithsonian blows another story



This month’s gaffe?

Omitting hugely important relevant information about Judaism in its story on the alleged Hispanic Jews of the San Luis Valley of southern Colorado.

A bit of background.

For generations if not centuries, rumors have swirled that some Spanish the original territory of Mexico, including the Mexican Northwest or our Desert Southwest, actually were Marranos — descendents of Spanish Jews who were “passing” to avoid the Inquisition.

Per the story, I agree with Judith Neulander, an ethnographer and co-director of the Judaic Studies Program at Case Western Reserve University in Cleveland (and many others) and disagree with University of New Mexico prof Stanley M. Hordes. These are Spanish-Americans who picked up some type of Adventism, whether from today’s official Seventh-Day Adventist Chruch or elsewhere; they’re NOT marranos.

(Note to Mr. Hordes: Outside the American flag, two hundred or even one hundred years ago, six points was the normal way to make a star; that’s NOT the Magen David, necessarily, on tombs. At least some Adventists officially practice circumcision.

But, that’s an issue of interpretation, not the gaffe I’m going to talk about.

Here’s where the story blows it. And, if the author, Jeff Wheelwright, was that ignorant of Jewish groups and distinctions, he shouldn’t have been writing this story in the first place. And, if the Smithsonian can’t have an editor pick up on the difference between Sephardic and Ashkenazi Jews, then the mag really is in trouble.

Because THAT’s the gaffe.

In a nutshell, the alleged marranos of San Luis have been found to have a higher-than-statistically probable rate of a breast cancer precursor gene, 185delAG. The story notes that “the genetic mutation that caused the virulent breast cancer had previously been found primarily in Jewish people whose ancestral home was Central or Eastern Europe.”

Well, beyond the bare bones of geographic separation, those Jews are Ashkenazi; the Jews of Spain are Sephardic.

Of course, there’s argument that the genetic mutatin is not limited to Ashkenazi. If that’s true, well, then the story is wrong in another way, and Wheelwright shouldn’t have written what he did.

In the title, I noted that Smithsonian blows another story. This has become a recent problem.

In recent months, on straight history it has claimed the Acoma Indians built their Sky City pueblo for protection from Navajos 400 years before Navajos arrived in the Southwest, and misidentified a Canyonlands National Park picture as coming from Arches. (It corrected the photo mistake, but did nothing about the far more egregious error.)

On news analysis, it picked the wrong 20th-century political conventions as the top four of the century, and so far, at least, hasn’t even deigned to look at 19th-century ones.

I had hoped things would get better with Lawrence Small finally getting a well-deserved boot as Smithsonian secretary.

Instead, the magazine, at least, gets worse, and the Institute has the gall to send me a fundraiser e-mail last week on top of this.

technorati tags:
| |
More at: News 2 Cromley

The Stakes Couldn't Be Higher



It's good to know that Canadian wingnuts are filled with modesty at the prospects of a Tory victory in two weeks. Good thing conservatives aren't, like, prone to sounding like fascists or anything:
Do too much, rather than too little. Don’t shift these things around. Burn them down and salt the Earth. A future Liberal government won’t have the guts, the time, the wherewithal, or the money to recreate them all at once. Sell the land and the buildings. Shred the records. Disperse the staff. It’s easier to destroy than it is to create. A Tory government on a rampage could destroy in a couple of months what it took four decades to create – and what it would take another forty to recreate.

. . . Build big things. Canadians, for all that they claim to be a peace-loving people, want to love their country. That’s why, in the absence of a more compelling national identity, they hold onto the things that they do. Build a pair of Aircraft Carriers – giant, expensive, deadly, and useful symbols of Canadian pride that children can hang on their walls. Name them after Wolfe and Montcalm or something like that.
It's been less than a century since Canada last threatened America with annihilation and slavery. We cannot, my friends, permit such belligerence to resurface in a new century. Canadians like Adam Yoshida clearly do not understand their proper North American role, which is to remain a refuge of utopian fantasy for Americans worried about the possibility of a McCain victory in November. Stop fucking with us, or else.

technorati tags:
| |
More at: News 2 Cromley

Bailout killed — my alternative



In the current now-dead bailout (roll call vote is here), Congressional Democrats caved on the idea of giving bankruptcy judges flexibility to adjust mortgages in default.

And, the caps on CEO pay were more symbolic than legally enforceable, too, with things such as deferred compensation. And, from Obama on down, they kicked the idea of further regulatory reform down the road, claiming we didn't have time.

So, you shouldn’t have been expecting more from Democrats in the first place. (That’s why I’ll be voting Green again this year, as in 2004.)

But, of course, the GOP is worse; House Minority Leader John Boehner accused Speaker Nancy Pelosi of well-poisoning within the House when he’s really mad she couldn’t deliver enough Democratic votes to cover for the massive GOP opposition.

That said, what SHOULD we be doing?

I offer a compendium of my own ideas and some gathered from other pundits and analysts.

(If the Dow is as “desperate” as it appears, as it appears, it will sign off on any deal that’s even close to being in its neighborhood; some Dow financial members could yank GOP House campaign contributions to send a message.)

First, have a bank holiday, similar to FDR’s in the Depression. It might not need to be as sweeping, but it would give Congress more working space. Don’t restrict it to Main Street deposit banks, either – make a whole range of financial institutions potentially And, if banks squawked about that, you’d realize that maybe this wasn’t so serious.

Second, reinstate the Glass-Steagall Act that was abolished in 1999
.
Third, tie interest rates on adjustable-rate mortgages more closely to the Federal Reserve’s funds rate, the rate it charges banks to borrow money.

Fourth, we need to look at getting out of BOTH Iraq and Afghanistan; if this crisis really is that bad, we need the money here.

Fifth, completely nationalize failing banks. Sweden was in a similar situation in the 1990s, and that’s what it did. It actually made a profit when it later resold the banks it took over.

Those five all come from columnist Ted Rall.
I offer a few additional ideas.

First, look at tightening IRS regulations on home mortgage interest deductions. If either McMansions, or “flipped”/investment homes need some IRS wing clipping, well, that’s what needs to be done.

Second, rein in Henry Paulson even more. Given his conflicts of interest on the AIG bailout, we don't need him having that much power. Ditto since he may be held over in an Obama presidency.

Third, since the Treasury Department is supposed to take an equity stake in the banks and other institutions in which it bails out, mandate that it has to sell that stake back on the open market at a profit. If that means sitting on bank holdings for 20 years, rather than selling out to vultures in 18 months, so be it.

Fourth, instead of putting caps just on the salary of CEOs of bailed-out companies, maybe we ought to at least put a cap on the tax write-off amount for the salary of any CEO.

Fifth, make so-called “liar’s loans,” where would-be homeowners can state their own income, illegal — or at least illegal for financial institutions getting any sort of federal insurance backing. And, even though they have been legal, have the Department of Justice start investigations into exactly how they were marketed.

Who knows: a few fraud charges might pop up.

technorati tags:
| |
More at: News 2 Cromley

Bailout fallout — Boehner a titty baby, Pelosi a hypocritical idiot



After the now-dead bailout (roll call vote is here), we have now the red-hot spin battle.

So, you shouldn’t have been expecting more from Democrats in the first place. (That’s why I’ll be voting Green again this year, as in 2004.)

House Minority Leader John Boehner accused Speaker Nancy Pelosi of well-poisoning within the House when he’s really mad she couldn’t deliver enough Democratic votes to cover for the massive GOP opposition.

Here’s the “well-poisoning” speech by Pelosi.

I do think Boehner was pouting.

At the same time, I do think Pelosi’s comments were inappropriate, especially when used to start the speech, rather than in the middle, or near but not quite at the end.

Also, given that Dems have had control of both houses of Congress for more than 18 months now, and haven’t pushed a single piece of financial oversight legislation of any major nature, Pelosi might want to read Matthew 5 about eyeballs, specks of dust and wood logs.

Beyond that, where was THIS Nancy Pelosi when Dennis Kucinich was pushing impeachment? Or on the FISA amendment legislation?

She was being political with her silence, just like she was being political with her noisemaking today.

Are you shocked?

Also, given the events of the weekend, for her to believe that, even without that face-slap at the start of her speech, Boehner was going to deliver 80 Republicans indicates a pretty high level of either naivete or self-delusion.

Finally, a SECOND vote? Not a snowball's chance, in my opinion. Repubs won't budget. Dems in iffy districts won't change their votes without more GOP cover. In fact, Dem no votes might go up.

I'll have a more detailed wrap tonight; Monday is normally my busiest work day in the weekly newspaper world.

technorati tags:
| |
More at: News 2 Cromley

The post-bailout spin is coming



After the now-dead bailout (roll call vote is here), we have now the red-hot spin battle.

So, you shouldn’t have been expecting more from Democrats in the first place. (That’s why I’ll be voting Green again this year, as in 2004.)

House Minority Leader John Boehner accused Speaker Nancy Pelosi of well-poisoning within the House when he’s really mad she couldn’t deliver enough Democratic votes to cover for the massive GOP opposition.

technorati tags:
| |
More at: News 2 Cromley

Time to bail out the bailout



As a friend of mine puts it, if McCain doesn't announce another faux campaign suspension, how will we be able to take the first faux suspension seriously?

technorati tags:
| |
More at: News 2 Cromley

House Bailout Vote



Yeah 207 (141 D, 66 R)
Nay 226 (94D, 132R)

Dow down 543 points
S.&P. 500 Index
Down 76.13 (-6.27%)

It's sort of amusing, watching folks scurry around, trying to 'convince' folks.

I don't know how I feel. On the one hand, I believe this is a hustle. On the other hand, some seriously bad ($*% is happening out there. Firms that have been around for a 100 years, collapsing like this, is like one burning building after another. Bottom line for me: I just don't trust these mofos.

The Democrats came through. Boehner was supposed to deliver 100 Republican votes, and he didn't.

technorati tags:
| |
More at: News 2 Cromley

Michael Meadowcroft learns the nature of local radio



Martin Kelner has a piece in the Guardian Media section today that mentions his time in local radio. He remembers presenting an evening show for several northern local radio stations that combined news and sport:

My guest was the former Liberal MP Michael Meadowcroft, newly returned from former Yugoslavia, where he had been advising on how democracy could be brought to the region.

Alongside my conversation with Meadowcroft, I was to take regular reports from numerous midweek football matches across the north. While I was lining up the football reports, I half-listened to the internationally renowned expert on democracy explaining how unstable the situation is in the Balkans, and how it was essential for the future of Europe that a lasting peace was achieved.

"The Balkans," he said, "is where the flame was lit that ignited the Great War, and it is no exaggeration to say that if we do not get this right, it could lead to a confrontation from which the world might not recover."

To which I responded with the immortal words: "I'm afraid I'm going to have to interrupt you there, there's been a goal at Chesterfield."



technorati tags:
| |
More at: News 2 Cromley

Schmuck Talk tells Ifill go easy on Schmuckette in debate



McCain supposedly asked Thursday night’s Veep debate moderator Gwen Ifill to go easy on Sarah Palin, especially on foreign policy questions.

According to Howie Kurtz, the media already has. He says CBS didn’t air the worst parts of its Katie Couric interview of Palin; just how bad can they be?

technorati tags:
| |
More at: News 2 Cromley

That Will Solve All Your Problems



Shorter Bill Kristol: To win, the Drama King needs more drama.

technorati tags:
| |
More at: News 2 Cromley

John McCain Vs. John McCain







See more videos of McCain contradicting himself here,... here and here.

technorati tags:
| |
More at: News 2 Cromley