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Monthly Archives: June 2010

Obstructionist Republicans and Gullible Democrats

30 Wednesday Jun 2010

Posted by Craig in Congress, Democrats, economy, financial reform, financial regulation, Obama administration, Politics, Republicans, special interests, Wall Street

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$19 billion fee, Barney Frank, financial institutions, financial reform, loophole, Massachusetta banks, Olympia Snowe, Scott Brown, Susan Collins, Treasury Department, Volcker Rule

Scott Brown is a quick learner. In his short time in the Senate he’s become a master at the game of ‘How To String Along The Gullible Democrat’ aka Lucy and the Football.

Here’s how it goes: Obstructionist Republican says, “I would vote for this particular piece of legislation except for X.” Gullible Democrat believes Obstructionist Republican (although for the life of me I can’t figure out why) and changes or takes out X. Obstructionist Republican then says, “That’s all well and good, but I also don’t like Y. If you take that out too, I may vote for said legislation.” Gullible Democrat removes Y, and the process repeat itself over and over until said legislation is either dead or too weak to do anything remotely resembling its original intention.

The latest example is the so-called financial reform bill. Brown wanted a loophole in the Volcker Rule to exempt banks in Massachusetts from being subject to limits on risky investments. With the help of Barney Frank and (surprise!)  the Treasury Department, the loophole was inserted into the legislation. (BTW, also at the insistence of Senator Brown, another loophole was added to the Volcker Rule which may delay its implementation until 2022.)

Brown’s objection to the bill then shifted to a $19 billion fee to be collected from large financial institutions, calling it a “tax.” I’m sure Brown’s opposition has absolutely nothing to do with the $450,000 he received from executives at financial institutions in the six days before the election in Massachusetts. Strictly coincidence..

Guess what? The bank fee is out now, too

“Top Democratic House and Senate negotiators who worked out a deal on a sweeping overhaul of financial regulations regrouped Tuesday to eliminate a $19 billion fee on banks that had threatened to derail the legislation.”

Brown wasn’t alone. He had two other Lucies standing with him:

“Besides Brown, Republican Sens. Olympia Snowe and Susan Collins of Maine, both of whom also voted for the Senate bill last month, said they, too, had qualms about the bank assessment that negotiators inserted into the bill last week.”

I guess the only alternative to the Democrats being gullible and naive is that they are complicit and corrupt. That they don’t really want actual reform and are just using the guise of compromising with the Republicans to play their favorite game—giving the appearance of doing something while in reality doing nothing which might upset the goose that lays the golden eggs of campaign contributions.

Gullible and naive or complicit and corrupt? Either way it doesn’t bode well for the future of the Republic.

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Go Paraguay!

29 Tuesday Jun 2010

Posted by Craig in Sports, Uncategorized

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Larissa Riquelme, model, Paraguay, soccer, World Cup

For my money, there’s nothing more boring in the wide world of sports than soccer. I know it’s allegedly the world’s game but I just don’t get it. It’s 90 minutes of people running up and down a field kicking a ball and the final score is 1-0. I’m a red-blooded ‘Merican, give me the NFL any day. And as the comedian Gallagher once said, “any game where the ball hits you on the head on purpose is dumb.”

For those reasons I’ve never had much interest in soccer’s biggest event, the World Cup. Until now:

“Larissa Riquelme, a curvy lingerie model who loves her national team, has been cheering the Paraguay squad on from Asuncion, clad in revealing outfits. The 24-year-old beauty has pledged to run naked through the streets “with my body painted with the colors of Paraguay” if Paraguay wins the World Cup.”

To the best of my recollection, this is the only time in my life that I wanted to be a cell phone.

Go Paraguay!

Operation Enduring Insanity

28 Monday Jun 2010

Posted by Craig in Afghanistan, Obama administration, Pakistan, Politics, terrorism, war on terror

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ABC, Afghan security forces, Afghanistan, al Qaeda, corruption, election, Karzai government, Leon Panetta, narcotics trafficking, stability, This Week, winning

CIA Director Leon Panetta appeared on ABC’s This Week yesterday, where he laid out some of the “problems” we face in Afghanistan along with our “fundamental purpose” there and what “winning” might look like. From Think Progress:

Too bad most, if not all, of what Panetta describes is not based in reality.

“There are some serious problems here. We’re dealing with a tribal society. We’re dealing with a country that has problems with governance, problems with corruption, problems with narcotics trafficking, problems with a Taliban insurgency.”

We’re dealing with a country that isn’t a country. Afghanistan combat veteran Wes Moore was on Meet the Press yesterday where he gave this account:

“…one of the things we did–I was with a team in Afghanistan, you go out and you give out gifts to people. And one of the things that we would, we would give out to some of the tribal leaders were cutout–were maps, which were cutouts of Afghanistan.  And literally, the most popular question was, “What is this?” And we’d say, “It’s your country.”

Problems with governance, corruption, and narcotics trafficking? The problem is that the Karzai government and his family are at the root of the corruption and narcotics trafficking. From stealing last year’s election, to his brother’s (alleged) involvement in the heroin trade, to the same brother awarding security sub-contracts to a company owned by 2 of Karzai’a cousins, to this:

“In recent months…Afghan prosecutors and investigators have been ordered to cross names off case files, prevent senior officials from being placed under arrest and disregard evidence against executives of a major financial firm suspected of helping the nation’s elite move millions of dollars overseas.

Afghanistan is awash in international aid and regarded as one of the most corrupt countries in the world. Indeed, even as the United States and its allies pour money in, U.S. officials estimate that as much as $1 billion a year is flowing out as part of a massive cash exodus.

The money, as first reported in The Washington Post in February, is often carried out in full view of customs officials at Kabul’s airport, where such transfers are legal as long as they are declared. Officials suspect much of the cash is going to the Persian Gulf emirate of Dubai, where elite Afghans, including Karzai’s older brother, have villas.”

How do we on the one hand acknowledge that government corruption is a major problem while we continue to prop up the government and the president that is hip-deep in corruption?

Back to Panetta: “But I think the fundamental key, the key to success or failure is whether the Afghans accept responsibility, are able to deploy an effective army and police force to maintain stability. If they can do that, then I think we’re going to be able to achieve the kind of progress and the kind of stability that the president is after…it is going to take the Afghan army and police to be able to accept the responsibility that we pass on to them. That’s going to be the key. ”

The size of the Afghan security forces our generals say are needed to provide that stability, about 450.000, would cost about $3 billion a year to maintain. The annual budget of Afghanistan is $600 million. They can’t do it. Care to guess who will be expected to pick up the tab?

Panetta’s definition of “winning”:

“Winning in Afghanistan is having a country that is stable enough to ensure that there is no safe haven for Al Qaida or for a militant Taliban that welcomes Al Qaida…Our purpose, our whole mission there is to make sure that Al Qaida never finds another safe haven from which to attack this country. That’s the fundamental goal of why the United States is there.”

Earlier in the interview Panetta admitted that there are only 50 to 100 members of al Qaeda in Afghanistan, “maybe less.”

Emptywheel has it exactly right:

“So 1,000 US troops per al Qaeda member, at a cost of $1 million each. That’s $1 billion a year we spend for each al Qaeda member to fight our war in Afghanistan.

This sort of adds a new twist to that old Einstein quip about the definition of insanity being doing the same thing over and over again and expecting different results. Because we’re doing the same thing over and over again–at a cost of $1 billion a year per nominal opponent–and expecting anything other than bankruptcy.”

It all comes down to this, from a McClatchy article about Iraq but it applies to Afghanistan as well:

“…a nearly inviolable rule governs this arena: Democracy cannot be imposed on any nation unless its people and its leaders all are asking for it. Otherwise the nation’s oligarchy will fight to restore the old order of things, to protect their positions and perquisites. It happens every time.”

Lucy and the Football—Again

26 Saturday Jun 2010

Posted by Craig in Congress, Democrats, economy, Politics, Republicans

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average rent, Ben Nelson, California, Diane Feinstein, economic stimulus, extension, Harry Reid, letter, Olympia Snowe, San Francisco, Senate, stand alone, unemployment

I don’t like to get my blood pressure up this early on a Saturday morning, but this latest action by the Senate in killing the extension of unemployment benefits really pisses me off. And every time one of these lying, elitist assholes opens their mouths it pisses me off that much more.

Like Olympia Snowe, who sent a letter to Harry Reid “urging” him to bring a stand-alone extension of unemployment benefits to the floor of the Senate next week. Nowhere in the letter did she say she would vote for it. That’s because she won’t. And neither would the other Republicans and that idiot Nelson. Snowe is just playing Lucy holding the football for Charlie Brown—again. Reid should tell her to take a flying f*****g leap.

When are Snowe, Nelson, and the rest of the obstructionists going to compromise on something. Ever? The bill was watered down to accommodate them–just like the stimulus, health care, and everything else—and they still voted against it. Everything but the $33 billion for unemployment extension was offset, just like they wanted. Still they voted no.

This just in, you morons. People who get unemployment checks don’t put them in the bank. They spend every dime of it on rent, or the mortgage, or food, or clothes. It’s called economic stimulus, dipshits. Get a clue.

Then there’s Diane Feinstein who, even though she voted for the extension, gives ammunition to the obstructionists when she continues to say stupid-ass things like this:

“We have 99 weeks of unemployment insurance now. The question comes, how long do you continue that before people just don’t go back to work at all?” she said…“And there isn’t a lot of documentation on this. Last night for the first time I had somebody from a company tell me they’ve offered jobs to individuals and they said well, ‘I want to not come back to work until my unemployment insurance runs out.’ So we need to start looking at these things. And, we need to start paying for it.”

Bullshit. Nobody’s getting rich off unemployment, Di. The average check for one of Feinstein’s constituents in California is $450 a week. In San Francisco, where Feinstein and her rich hubby live, the average rent for a one-bedroom apartment is $1709 a month. Which leaves $91 a month for things like food, electricity, water—minor things like that.

And forgive me but “somebody” from some unnamed company who says that “they’ve” offered jobs to people who would rather stay on unemployment is bullshit too. The unemployment rate in California is 12.4%, there are 6 people for every job opening. People want to work, there just aren’t any jobs to be had. But when you’re sitting on top of a cool 40 mil, like the Feinsteins are, you have no idea what life is like in the real world where the peasants live.

I won’t even get into Nelson. The man is just a hopeless, clueless idiot with a terminal case of HUHAD (head up his ass disease). Why he doesn’t just switch parties and be done with it, I don’t know.

[End of rant]

Self-Contradictory Sarah

25 Friday Jun 2010

Posted by Craig in BP, Gulf Oil Spill, Politics, Republicans, Sarah Palin

≈ 2 Comments

Tags

article, Hitler, Jewish World Review, Joe Barton, lamestream media, Louie Gohmert, Obama, power grab, Rahm Emanuel, Sarah Palin, shallow, This Week, Thomas Sowell, Tweet

Poor Sarah. She wakes up in a new world every day. Following White House Chief of Staff Rahm Emanuel’s remarks on ABC’s This Week on Sunday that the sentiment Joe Barton expressed when he apologized to BP was…

“…not a political gaffe,” but rather a statement based on “prepared remarks.” He linked Barton’s comments to the GOP’s “larger philosophy,” saying it “is an approach to what they see. They see the aggrieved party here is BP, not the fisherman. And remember, this is not just one person.”

Palin almost immediately responded with this Tweet:

 

 (Just as an aside, for this dingbat to call anyone shallow is like Paris Hilton calling Lindsey Lohan skanky. But I digress). That was on Sunday, however, and our girl Sarah has slept since then. She woke up today and tweeted this:

 

 (Another aside if I may. For Palin to assume her followers can read is a bit of a stretch if you ask me). So  to review, she calls Rahm Emanuel a liar for saying that Republicans agree with Joe Barton and then a few days later Mrs. Palin, still a Republican I presume………agrees with Joe Barton. (The Thomas Sowell article The Quitter references is the lunacy Sowell wrote for the Jewish World Review in which he made yet another of the right’s Obama—Hitler comparisons, and which was quoted from on the floor of the House by Screwy Louie Gohmert.)

Don’t worry, Sister Sarah. We’re not laughing near you, we’re laughing at you.

The Real Cost of Killing the Tax Extenders Bill

24 Thursday Jun 2010

Posted by Craig in budget, Congress, Conservatives, economy, George W. Bush, Politics, Republicans

≈ 1 Comment

Tags

2001, 2003, Arizona, Ben Nelson, Bush tax cuts, Colorado, cost, deficit, George Voinovich, hypocrites, John Kyl, liars, Medicare funding, Medicare Part D, New Mexico, Pennsylvania, Republican caucus, state budget cutbacks, Susan Collins, tax extenders bill, unemployment benefits, United States Senate

The confederation of hypocrites and liars in the United States Senate, aka the Republican caucus plus Ben Nelson, voted today for the third time to kill the “tax extenders” bill which would have extended unemployment benefits, several tax credits, and Medicare funding to states facing budget crises.

Sens. Susan Collins of Maine, George Voinovich of Ohio, John Kyl of Arizona, and Ben Nelson of Nebraska all cited the cost of the bill and what it would add to the deficit, about $33 billion, as the main reason for their “no” votes.

Nice to see this new-found consternation about deficits from these four hypocrites. All four voted for the Bush tax cuts in 2001 and 2003, which cost approximately $2.5 trillion, not one dime paid for, all deficit financed. All four voted for Medicare Part D, also in 2003, which cost another trillion dollars, not one cent paid for.

Since these 4 are so concerned about cost, let’s take a look at what the price of their action today will be. From Suzy Khimm at Mother Jones:

“In addition to the millions of Americans who stand to lose unemployment benefits, a huge number of private and public sector employees will lose their jobs due to state budget cuts. Without federal help, states will have to pour in more money to prop up Medicaid, forcing them to make cutbacks in other parts of the budget. As a result, Moody’s chief economist estimates that 200,000 jobs could be axed without federal Medicaid support, and the Center for Budget and Policy Priorities puts the number as high as 900,000—jobs belonging to teachers, firemen, police, and social workers, among others.”

The Wonk Room has more:

“[The Atlantic’s Derek] Thompson pointed to a Center on Budget and Policy Priorities report stating that “without the extended Medicaid funding, Pennsylvania plans to cut funding for domestic violence prevention in half, eliminate all state funds for addressing substance abuse and homelessness, cut funding for child welfare by one-quarter, and cut payments to private hospitals, nursing homes, and doctors across the state — among other steps.” But Pennsylvania is not the only state that will have to take dramatic steps if Congress doesn’t act.

Arizona would have to cut funding for its state court system, Colorado’s likely cuts “include eliminating state aid for full-day kindergarten for 35,000 children, eliminating preschool aid for 21,000 children, and increasing overcrowding in juvenile detention facilities,” while New Mexico “could eliminate a wide range of Medicaid services, including emergency hospital services, inpatient psychiatric care, personal care assistance for the disabled, prescribed medications, and hospice care.”

Mark Zandi, chief economist of Moody’s Economy.com, estimated that 200,000 jobs could be at stake in this debate over Medicaid funding. “If state governments don’t get additional help from the federal government in the coming fiscal year, then the job losses will be at least that large — in all likelihood, measurably larger than that,” Zandi said.”

Do the deficit hypocrites care? Hell no. A pox on all their houses.

Welcome to Texghanistan

24 Thursday Jun 2010

Posted by Craig in Conservatives, Politics, Republicans, Texas

≈ 1 Comment

Tags

homosexuality, New York Daily News, oral sex, platorm, pornography, same-sex couples, sexually oriented businesses, sodomy, strip clubs, Texas Republican Party

The New York Daily News has some details of the Texas Taliban Republican Party platform:

“The Texas Republican Party gives a whole new meaning to the word conservative.

The GOP there has voted on a platform that would ban oral and anal sex. It also would give jail sentences to anyone who issues a marriage license to a same-sex couple (even though such licenses are already invalid in the state).

“We oppose the legalization of sodomy,” the platform says. “We demand that Congress exercise its authority granted by the U.S. Constitution to withhold jurisdiction from the federal courts from cases involving sodomy.”

[…]

In addition, the platform says that homosexuality “tears at the fabric of society, contributes to the breakdown of the family unit and leads to the spread of dangerous communicable diseases.”

It also states that homosexuality must not be presented as an acceptable “alternative” lifestyle in public schools and “family” should not be redefined to include homosexual couples.

The 25-page proposal, presented last week as a guide for the state GOP over the next two years, includes other measures including outlawing “sexually oriented businesses” like strip clubs and banning “all pornography.” 

Dialing 1-800-MOVERS.

Would the GOP Deliberately Sabotage the Economy? Is There Any Doubt?

24 Thursday Jun 2010

Posted by Craig in Congress, Conservatives, economy, financial reform, financial regulation, Politics, Republicans

≈ 1 Comment

Tags

Ben Nelson, depression, Dick Cheney, economy. deficit, Happy Days Are Here Again, Huffington Post, Medicare Part D, Michael Steele, power, recession, Republicans, sabotage, Senate, tax extenders, unemployment, wars. tax cuts, Washington Monthly

Commenting on a Huffington Post piece about how Republicans, and Ben Nelson (excuse my redundancy), appear poised to kill the tax-extenders bill in the Senate, Steve Benen at Washington Monthly writes:

“In the real world, this means millions of jobless Americans will lose their already-modest benefits, and hundreds of thousands of workers will be laid off over the next year, including teachers, police officers, and firefighters. All of this will happen because Republicans are more concerned about the deficit — a deficit they created under Bush/Cheney — than the economy.

It’s unpleasant to think about, and I really hope it’s not true, but it may be time for a discussion about whether GOP lawmakers are trying to deliberately sabotage the economy to help their midterm election strategy.”

What’s to discuss? It’s true. Of course Republicans are trying to deliberately sabotage the economy to help their mid-term election strategy, as well as their 2012 presidential election strategy. Republicans in Congress don’t care about deficits (see Dick Cheney) or the debt, except when they’re out of power. When they were in control of everything in D.C. from 2001-2007 what happened? Were there even any cursory attempts to rein in the deficit and pay down the debt?

Quite the contrary. With 2 wars and tax cuts and Medicare Part D, all on the credit card, the debt exploded.

You bet your ass the GOP wants the economy in the tank, as far in as possible. If unemployment is double what it is now and we go into a double-dip recession, or in their wettest dreams a depression, the champagne corks will be popping and ‘Happy Days Are Here Again’ will be blaring from the speakers in Michael Steele’s office. Do you think they care about the pain and suffering it would cause the American people? They care about one thing and one thing only—power. That’s it. If the “small people” have to bear the brunt of that quest, so be it.

Of course once they get it, their faux concern about the deficit and excessive spending will go out the door as they come in. Just like it did before.

Texas Republicans: Shut the Hell Up!

24 Thursday Jun 2010

Posted by Craig in BP, Congress, Conservatives, Gulf Oil Spill, Politics, Republicans

≈ 1 Comment

Tags

Hitler, House of Representatives, Jewish World Review, Joe Barton, Lenin, Louie Gohmert, Obama, op-ed, Texas Republicans, Thomas Sowell, useful idiots

If I had a magic lamp with a genie inside, my first (and maybe my only) wish would be that the Texas Republican delegation in Congress shut the hell up. Every time one of these morons opens his mouth the image of my state drops another couple of notches. If it’s not Joe Barton apologizing to BP, it’s Screwy Louie Gohmert making another of the GOP’s endless Obama–Hitler comparisons.

On the floor of the House Tuesday night Gohmert quoted from Thomas Sowell’s ridiculous op-ed in the Jewish World Review in which Sowell wrote that the $20 billion fund to compensate victims of the Gulf oil spill was akin to dictatorial powers given to Adolf Hitler by the German Reichstag during the Great Depression, and a sign that “American democracy is being dismantled, piece by piece, before our very eyes.” From Political Correction:

A little analysis, if I may. Louie led off with this:

“There’s a brilliant man named Thomas Sowell.  And, um, I didn’t vote for Barack Obama in 2008, but I sure would have voted for Thomas Sowell.”

Translation: I’d vote for him because he’s one of the good ones, not like that uppity arrogant Obama feller. And after all, some of my best friends are……

Gohmert continued, quoting Sowell:

“…leading up to his [Hitler’s] taking power in the 1930s, he deliberately sought to activate people who did not normally pay much attention to politics.

Such people were a valuable addition to his political base, since they were particularly susceptible to Hitler’s rhetoric and had far less basis for questioning his assumptions or his conclusions.”

“Useful idiots” was the term supposedly coined by V.I. Lenin to describe similarly unthinking supporters of his dictatorship in the Soviet Union.”

Hitler wasn’t enough, so we double down with a Lenin reference. And that description, activating “people who did not normally pay much attention to politics?” A “valuable addition” to the “political base?” “Susceptible to rhetoric?” “Unthinking supporters?” Sounds a lot like a typical Tea Partyer to me.

Gohmert went on:

“And this isn’t in the article — this is my comment — but we do have useful idiots today, who are heard to say, “Wow, what we really need is for the president to be a dictator for a little while.” They know not what they say.”

Who the hell is saying the president needs to be a dictator for a little while, Louie? But Rep. Gohmert is right about one thing, we do have useful idiots today. Well, maybe not useful, but glance in the nearest mirror, Lou, you’ll see the other half of that phrase.

No Legal Recourse for the “Small People”

24 Thursday Jun 2010

Posted by Craig in Wall Street

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Bloomberg, forfeiture, investors, Jonathan Weil, Joseph Collins, Mayer Brown, Refco, Securities and Exchange Commission, securities fraud

Jonathan Weil at Bloomberg:

“Crime didn’t pay for Joseph Collins, a former corporate lawyer who received a seven-year prison sentence in January for securities fraud.

Collins, a former partner at the law firm Mayer Brown LLP, was the chief outside counsel for Refco Inc. when the futures- trading firm collapsed in October 2005, two months after its initial public offering. He was convicted last July on five felony counts for helping Refco executives fleece the company’s investors and lenders of $2.4 billion. Yet Collins, 60, hasn’t been forced to pay compensation to anyone who lost money when Refco went bust.

That’s mainly because Congress has made sure only the government has the right to bring civil court claims against defendants for aiding and abetting securities fraud. Private litigants are barred from doing so under federal law. That means outside investors typically have no means to seek redress in such cases, unless prosecutors or regulators choose to pursue restitution for them. As for the Collins case, the government has proved worthless in that respect.

Last week, the Securities and Exchange Commission settled its own civil complaint against Collins. His deal included no monetary penalties. His only punishment was a court order barring him from violating the securities laws’ anti-fraud provisions in the future. He also was allowed to settle the suit without admitting or denying the SEC’s allegations, an absurd formality considering he’s already been found guilty of a crime.

Investors aren’t slated to recover any money as part of his conviction, either. His sentence included a mere $500 fine. The judge who presided over his trial denied prosecutors’ request for a forfeiture order, under which Collins’s assets could have been used to compensate victims of Refco’s fraud.

[…]

“[T]he judge in the criminal proceedings, Robert Patterson of New York, rejected prosecutors’ request for a forfeiture order after concluding that Collins received no personal benefit for his participation in the fraud.”

Nah, no “personal benefit” whatsoever:

“Mayer Brown billed Refco, Collins’s most lucrative client, more than $40 million in fees from 1997 through 2005, according to court records. Collins’s annual income usually topped $1 million during the same time span.”

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