Deja Vu All Over Again
When are we ever going to choose to be more concerned about the safety of people over corporate profits?
Labels: corporatism, greed, health care, incompetence
Thoughts from a Yellow Dog Democrat living in Olympia, in the great BLUE state of Washington
I am a liberal because it is the political philosophy of freedom and equality. And I am a progressive because it is the political path to a better future. And I am a Democrat because it is the political party that believes in freedom, equality and progress.
-- Digby
Labels: corporatism, greed, health care, incompetence
. . . It heralds nothing less than the end of the Obama presidency just a year and a half in:The disaster in the Gulf may well spell the political end of the president and his administration ...
Seriously? Her evidence for this? She claims the Democrats don't love him. The latest poll of polls shows over 80 percent support. She claims that he is "weakened, polarizing and lacking broad public support." Really? With unemployment at near record highs after a deep recession, Obama's approval ratings are stuck just below 50 percent - and have been remarkably stable for months. At this point in his presidency, Obama is about five points more popular than Reagan, who was poised to drop to 37 percent approval by January of 1983. Clinton was lower than Obama in June 1994. In today's polarized climate and awful economy, Obama is remarkably resilient. He has a favorable rating over 52 percent, and his unfavorable rating is at a six month low of 39 percent. This is Obama's political end?
The premise of Noonan's moronic column is that the federal government, especially the president, should be capable of ending an oil-pipe rupture owned and operated by private companies, using technology that only deep-sea oil companies deploy or understand. And if such a technical issue is not resolved by government immediately, it reveals paralyzing presidential weakness and the failure of an entire branch of political philosophy. Again: seriously? It's Obama's fault that under Bush and Cheney, government regulation of oil exploration was so poor and corrupt, corner cutting appears to have been routine? And this, Peggy, is what governments do, even when run by crazy-ass liberals. Governments do not dig for oil; they merely regulate those who dig for oil. That the government failed to do so under the previous administration does not seem to me to be proof that this administration has failed.
What I have also learned these past few years is that the right seeks merely a narrative to lead themselves out of the hole they dug for all of us. Reality be damned. The job of the rest of us is to insist that reality matters and that these fools be exposed.
Labels: incompetence
Laine Hanson, a senator who is nominated to become Vice President following the death of the previous office holder. During the confirmation process, Laine is the victim of a vicious attack on her personal life in which stories of sexual deviancy are spread. She is torn as to whether she should fight back, or stick to her high principles and refuse to comment on the allegations. Although it isn't easy, she sticks to her guns, and in the end she is rewarded for it.
Labels: constitution, supreme court
President Obama and lawmakers called for action, and regulators at agencies including the Securities and Exchange Commission promised to deliver, even as they struggled to understand the origins and particulars of Thursday’s chaos.
The gist of the solution, according to regulators, traders and academics is that markets need uniform rules for intervening when a stock goes into free fall.
Labels: incompetence
I’d like to tell you about a Commonsense Conservative running for office in California this year. She grew up in a modest home with a school teacher dad, worked her way through several colleges, and then entered an arena where few women had tread. Through a combination of hard work, perseverance, and common sense, she proved the naysayers wrong to reach the top of her field, where she led with distinction – facing hard truths, making tough decisions, and showing real leadership through a rocky transition period. Where others had failed, her company had weathered the storm and settled on a stronger new foundation.
Her name is Carly Fiorina, and I’m proud to endorse her for U.S. Senate.
It's a little weird that reporters are hesitant to clearly spell out what happened. Basically the Fed printed a huge amount of money. Some of that money they used to do what TARP was originally supposed to do, buy up Big Shitpile at inflated prices. Some of that money they lent to banks at basically 0 interest. Of course there were plenty of other things they could have done with 2 trillion bucks, if preserving the executive compensation at megabanks wasn't thought to be crucial for the survival of the economy. They could have dropped it from helicopters. They could have paid off mortgages directly. They could have given it to state governments. They could have bought me a SUPERTRAIN. But, no, they decided that propping up an obviously failed system of financial intermediaries was the important thing, so that's what they did.
Labels: economy, greed, incompetence, TARP