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The Fraud That Is 'Fix The Debt' by Joan McCarter, dailykos.com | January 11, 2013
The New York Times' Nicholas Confessore commits some excellent journalism with this story about "Fix the Debt," the coalition of extremely well-heeled and well-connected former politicians and current CEOs masquerading as a public interest group. The organization, headed up by our foremost catfood pushers Alan Simpson and Erskine Bowles, is replete with old white guys who get paid very well by a number of industries to make sure that any budget cuts don't hit them. This story exposes them all. The "Fix the Debt" crowd, like all the deficit peacocks, don't care about the deficit. They care about the rich people staying rich and siphoning up every bit of public money they can get their grubby paws on. Thanks to Confessore at the Times for reminding the nation of that with this story. read more »Washington’s Endless Civil War by Robert Shrum, thedailybeast.com | January 11, 2013
The problem that may blight the next four years is an ideological chasm where the president’s attempts at reasonable compromise are routinely rebuffed, where a polarization to the right among Republicans is reinforced by resentment and a refusal to accept the results of the 2012 election. Or to put it plainly, they can’t believe Obama is still there—and they’re more than ready, or forced by their own extremists, to obstruct him at almost any cost. read more »Wanted: Moderate GOP Activists by Michael Tomasky, thedailybeast.com | January 10, 2013
I see that Brent Bozell, who never runs out of ways to spend rich conservatives’ money, now has an outfit called For America, which is mounting a pressure campaign against Mitch McConnell over his role in the fiscal cliff deal. The online ad buy will be targeted to Kentucky and will ask, “Mitch McConnell, which side are you on?”—that of socialism or that of Kentuckyism? What struck me when I read this was: How come there isn’t a group that is taking out ads against Rand Paul, McConnell’s junior colleague, one of just five GOP senators who voted against the bill, asking him which side he’s on—the side of bare-minimum fiscal sanity or the side of ruining the economy for the sake of making an ideological point? Of course there isn’t. But there must be. In fact there is nothing—nothing—our political system needs more than a strong and well-financed moderate-Republican pressure organization. read more »AIG Investors Break the World Record for Arrogance by William Grieder, The Nation | January 9, 2013
Wall Street’s ingratitude is not exactly a secret. After Washington came to the rescue four years ago with the $800 billion bank bailout and ignored flagrant criminal behavior in high places, the nation’s biggest banks returned the favor with malice—an army of lobbyists to gut reform legislation, a tidal wave of political cash to defeat the Democratic president and elect banker-friendly Republicans. Leading executives like Jamie Dimon of JP Morgan Chase expressed their disdain for the meddlesome government. The shareholders of AIG, the giant insurance company the Federal Reserve bailed out with $180 billion, have now topped that impudence. Believe it or not, these investors are suing the federal government for rescuing their company from collapse. This sets a world record for breath-taking arrogance. read more »76 House And 17 Senate Republicans Have Voted For Clean Debt Ceiling Hikes In The Past by Zaid Jilani, boldprogressives.org | January 9, 2013
Republicans want to hold the debt ceiling hostage to enact painful cuts to Social Security and Medicare benefits. Democratic leaders are urging President Obama not to deal over the debt ceiling and to deny Republicans their leverage. Here’s a bit of information that may help that cause. We've tallied the votes on previous clean hikes of the debt ceiling, and found that 76 currently-seated House Republicans have voted for clean debt ceiling hikes in the past. Here are their names. read more »Social Issues Are Economic Issues, Exhibit 1,463: Michigan’s Dual Agenda Slams Low-Income Women by Bryce Covert, The Nation | January 9, 2013
We’re barely more than a week into 2013, but Michigan has been very busy lately. As a pre-holiday gift to workers, Governor Rick Snyder signed a “right-to-work” bill into law after the Republican-controlled state house passed it 58-51, making the payment of union dues voluntary for most unions and thus severely weakening their power. Just over two weeks later, Snyder signed another bill into law restricting abortion access for the state’s women. Two extreme measures, but ones that aren’t directly related, right? One is clearly about “economic issues,” the other about “social issues.” Yet those who are hurt by both are, as is so often the case, low-income women. Michigan has shone a spotlight on the inextricable link between economic and social issues when it comes to the right-wing agenda. And we can only expect more of this news from statehouses as the year progresses. read more »The Platinum Coin Idea Is Idiotic. That Is The Point. by Ezra Klein, The Washington Post | January 9, 2013
This is apparently platinum coin week among the economic punditocracy. It is not a moment that should inspire great pride in America, but here we are. Here are some key things to understand about a debate that started as a strange, amusing sideshow and is increasingly front and center in the economic policy debate. I’ll lay out this econo-pundit’s conclusion upfront: I hate the platinum coin idea. But if there is no resolution of the debt ceiling through the legislative process, I hate some of the alternatives more. read more »The Eternal Folly of the Bipartisan Debt Fetish by Jonathan Chait, nymag.com | January 9, 2013
Gerald Seib has a column in today’s Wall Street Journal about how sad and disappointing it is that the two parties cannot come together and solve problems. That is the same point of a recent column by the Washington Post’s David Ignatius, an editorial in The Economist, and vast swaths of commentary by the most respectable members of the mainstream media. It all runs together, day after day, an endless repetitive drone of elite sentiment. The drone of right-thinking sentiment has certain distinct qualities. One is that it is, in almost the purest sense of the term, a meme — a way of looking at the world that individuals pass one to one another without a great deal of conscious thought, even though thoughtfulness, or the appearance of thoughtfulness, is one of the qualities the opinion imbues upon its proponents. The most striking feature of the centrist deficit drone rests upon a political analysis that is willfully, and probably self-defeatingly, false. read more »Republicans Getting Weak-Kneed About Debt Ceiling Fight by Greg Sargent, The Washington Post | January 8, 2013
House Speaker John Boehner spoke at length with the Wall Street Journal’s Stephen Moore about the coming confrontation over the debt ceiling, the sequester, and the spending cuts Republicans will try to achieve. Buried in the interview is a highly newsworthy nugget, in which Boehner implicitly admitted that the debt limit does not give Republicans the leverage they’ve suggested it does. Indeed, it’s hard to read this exchange as anything other than a sign that Republicans may be backing off the fight over the debt ceiling. read more »The GOP’s Priorities by Leslie Boyd, lettersfromtheleft.com | January 8, 2013
Congress and there’s a lot of really urgent work to do. So, what do Michele Bachmann and her cronies do first? They try for the 34th time to repeal the Affordable Care Act. No matter that they’ve tried 33 times and haven’t been able to succeed (thank God). No matter that they have fewer votes now than they did before the election. No matter that the American people want Congress to work on more urgent problems like getting aid to the victims of Hurricane Sandy or renewing the Violence Against Women Act. Nope, they have to make the statement that they’re just a bunch of spoiled, selfish children. Apparently, 33 attempts at repeal using 80 hours of House time and costing taxpayers $43 million wasn’t enough for Bachmann et al; they have to keep trying to take away health reform. read more »
The Latest
GOP Has Self-Esteem Issues, Poll Suggests, CNN | June 11, 2009
Nearly half (47 percent) of Republicans and Republican-leaning independents surveyed in a USA Today/Gallup Poll failed to come up with a single name when asked who is the party's spokesperson. Republicans have been forced to rebuild after suffering demoralizing losses in 2006 and 2008. Democrats control the White House, both chambers of Congress and also hold more gubernatorial seats. read more »
Travel Freebies For Pentagon Cause Concern, MSNBC News | June 11, 2009
Pentagon employees have received millions of dollars in free travel and lodging from foreign countries, trade groups and companies with an interest in shaping policies or doing business with the U.S. military. Defense officials say the arrangement is legal, saves taxpayers money and is carefully monitored to ensure there are no conflicts of interest. read more »
Panel Fines Lax Oversight of Wartime Contracting, Associated Press | June 8, 2009
The Defense Department has failed to provide adequate oversight over tens of billions of dollars in contracts to support military operations in Iraq and Afghanistan, says a new report by an independent commission investigating waste and fraud in wartime spending. U.S. read more »
Mattel Fined for Lead Paint on Toys, USA Today | June 8, 2009
In the Consumer Product Safety Commission's first penalty resulting from a chain of toy recalls in 2007, toymaker Mattel and its Fisher-Price subsidiary have agreed to pay a $2.3 million civil penalty for importing and selling toys with excessive levels of lead.The penalty is part of a settlement the companies reached with the Consumer Product Safety Commission, which announced that the toymaker read more »
F.D.A. Chief Lauds Food Safety Bill, The New York Times | June 4, 2009
Margaret A. Hamburg, the new commissioner of the Food and Drug Administration, plunged into the contentious debate over how to fix the nation’s food safety system. In her first appearance before Congress as commissioner, Dr. read more »
Katrina Trailers For Sale -- For $5 or Less, MSNBC News | June 3, 2009
The Obama administration will announce plans to virtually give away roughly 1,800 mobile homes to 3,400 families displaced by Hurricane Katrina who are living in government-provided housing along the Gulf Coast, officials said. read more »
Review of Government Secrecy Ordered, The Washington Post | May 28, 2009
President Obama directed his national security adviser and senior Cabinet officials to examine whether the government keeps too much information secret. In a memo, Obama acknowledged that too many documents have been kept from the public eye for years and affirmed that he remains "committed to operating with an unprecedented level of openness." Obama asked national security adviser James L. read more »
EPA: Chinese Drywall Has High Levels of Chemicals, The Miami Herald | May 22, 2009
Drywall imported from China used in newer homes across the country contains sulfur, strontium and other substances that are either nonexistent or found in much lower levels in U.S.-made plasterboard, according to Environmental Protection Agency test results. The EPA conducted the tests at the behest of Florida Sen. Bill Nelson and Louisiana Sen. read more »
Manufacturers, Retailers See More China Risk, Reuters | May 22, 2009
U.S. manufacturers and retailers that get products or components from China are increasingly concerned about quality, intellectual property and rising costs in China, and more are looking at alternate sites, according to a new study. read more »
Obama undoes Bush Policy That Undercut States, Associated Press | May 21, 2009
The Obama White House undid a Bush administration policy that used federal regulations to undermine a wide range of state health, safety and environmental laws. Many of the federal regulations limited the ability of injured consumers to sue companies in state courts. read more »
