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Tag Archives: McClatchy

Just the Facts, Ma’am

11 Tuesday Jan 2011

Posted by Craig in Congress, Democrats, Politics, Republicans, Tea Party

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Andrew Klavan, City Journal, Congress, connection, federal crime, Giffords, Hateful Left, James Clyburn, Jared Lee Loughner, McClatchy, mentally ill, Mother Jones, mug shot, Patrick Kennedy, Robert Brady, Rush Limbaugh, Tea Party, threatening, Tom Cole, Wall Street Journal

As Sgt. Joe Friday used to say on the old Dragnet series, “Just the facts, ma’am.” The facts, as we know them, are these:

Jared Lee Loughner is a mentally ill young man. Even an untrained eye can take one look at this mug shot and plainly see that. Unlike noted ophthalmologists who like to play amateur psychiatrist on the side, I’ll leave the diagnosis of the nature and scope of Loughner’s mental illness for the experts in the field to decide.

There is no indication at the present time that Loughner’s motivation, as far as any motivation can be discerned from the actions of a mentally ill person, had anything to do with politics. Reports from various sources, such as McClatchy, the Wall Street Journal, and Mother Jones to name only 3, indicate that Congresswoman Giffords was the target dating back to a 2007 meeting similar to the one held this past Saturday in Tucson, during which Loughner asked Giffords a question, “What is government if words have no meaning?” Loughner didn’t get what he felt was a satisfactory answer. His friend, Bryce Tierney, recalls, “Ever since that, he thought she was fake, he had something against her.”

Despite claims from Republicans that Loughner is a “far left liberal” and from Democrats that he is a “Tea Party conservative,” neither appears to be the case. Although Loughner registered as an independent, he is currently on the “inactive” voter list in Arizona.

A few more facts brought to light in the aftermath of the shootings:

Nothing in our political discourse will change. Despite initial calls for a return to some degree of civility and a toning down of the incendiary rhetoric, Republicans will point fingers Democrats and Democrats will point fingers at Republicans. There is too much power and too much profit at stake to expect otherwise.

On both sides, we have politicians and pundits who ignore facts in pursuit of their political agenda, as usual. There’s former congressman Patrick Kennedy saying there’s an “obvious connection” between the rhetoric and the shootings. Rep. James Clyburn says there’s “no way not to make that connection” between Sharron Angle’s “Second Amendment remedies” statement and the events in Tucson. From what we know now, there is no way to make any connection.

On the other side there’s Rush Limbaugh’s diatribe against the “sick, desperate American Left” in which he blasts everybody from the sheriff of Pima County, who he calls a “fool,” to the usual Limbaugh targets which he calls the “Drive-by media.” There’s Andrew Klavan’s piece at City Journal ranting about “The Hateful Left” in which he runs the gamut from the “dishonest and increasingly desperate leftist media” to “the bankrupting of nations and states by greedy unions and unfundable social programs, the destruction of inner cities by identity politics, and the appeasement of Muslim extremists in the face of worldwide jihad.” Oklahoma Republican Tom Cole said, “I’ve never heard the Tea Party preaching violence; I’ve heard them preaching participation.” Apparently Rep. Cole missed this:


And this:

One more fact. Knee-jerk, finger in the wind politicians will be knee-jerk, finger in the wind politicians, no matter what.

“Shocked and saddened lawmakers grappled on Monday with the weekend shooting of one of their own, with some suggesting that new laws and regulations are needed to curb incendiary speech.”

New laws and regulations like this:

“Rep. Robert Brady (D-Pa.) reportedly plans to introduce legislation that would make it a federal crime to use language or symbols that could be perceived as threatening or inciting violence against a federal official or member of Congress.”

What could go wrong there?

Oil Reaches Louisiana Coastal Marshes

20 Thursday May 2010

Posted by Craig in BP, Deepwater Horizon, Environment, Gulf Oil Spill, Politics

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BP CEO Tony Hayward, CBS News, Gulf loop current, Louisiana, McClatchy, oil spill, very modest

Is this what BP CEO Tony Hayward meant when he said “the overall environmental impact of this will be very, very modest?” Video from CBS News shows oil beginning to come ashore in the coastal marshes of Louisiana:

Vodpod videos no longer available.

And it’s only the beginning. This chart from McClatchy shows what could happen now that oil is starting to reach the Gulf of Mexico’s loop current: 

Financial Crisis Round-Up

04 Sunday Apr 2010

Posted by Craig in bailout, economy, Financial Crisis, financial reform, financial regulation, Politics, too big to fail, Wall Street

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13 Bankers, Baseline Scenario, Debt Disaster Ahead, How Washington Abetted the Bank Job, Jamie Dimon, Market Oracle, McClatchy, Moody's board, New York Times, Politico, Reuters, Robert Reich, Simon Johnson, Sniveling Scamster, The Fed in Hot Water, The Most Dangerous Man in America, Thomas Hoenig, Timothy Geithner, Wall Street cabal, Zero Hedge

The constraints of time, due in large part to my newly-arrived copy of 13 Bankers, doesn’t allow extensive commentary on any of these posts from around the financial blogosphere, but all are deserving of a closer look:

Speaking of 13 Bankers, co-author Simon Johnson has a piece at Baseline Scenario on how a combination of political savvy and public relations acumen make JPMorgan Chase CEO Jamie Dimon “The Most Dangerous Man in America.”

Mike Whitney’s “Timothy Geithner is a Sniveling Scamster” at The Market Oracle describes how President Obama’s new mortgage modification program is “just another stealth bailout” for the banksters.

Tyler Durden at Zero Hedge comments on  Kansas City Fed President Thomas Hoenig’s extensive interview with Shahien Narisirpour of the Huffington Post.

Robert Reich’s “The Fed in Hot Water” on the belated admission of its taking tens of millions of bad loans off Bear Stearn’s books in order to facilitate their takeover by JPMorgan Chase.

Susan P. Koniak, George M. Cohen, David A. Dana and Thomas Ross in a New York Times op-ed entitled “How Washington Abetted the Bank Job” on the D.C buck-passing in regards to the regulators who were either incompetent or complicit (I choose the latter) in the Lehman Brothers Enron-like bookkeeping scam.

Speaking of inept, incompetent, or complicit so-called regulators, a McClatchy article asks, “Where was Moody’s board when top-rated bonds blew up?”

Herbert Lash at Reuters on the “Wall Street cabal” blocking derivative reform.

Finally, Rick Berman at Politico on the “Debt Disaster Dead Ahead.”

Eight Americans Die for Ground With “No Tactical or Strategic Value”

06 Saturday Feb 2010

Posted by Craig in Afghanistan

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Afghanistan, Command Outpost Keating, investigation, McClatchy

McClatchy has a report on the investigation into the battle for Command Outpost Keating in Afghanistan which should infuriating to most Americans and, sad to say, is likely to be repeated in the months to come as President Obama ramps up the war there (emphasis mine):

“A U.S. military investigation into a battle last October in eastern Afghanistan that cost eight American soldiers their lives has concluded that the small outpost was worthless, the troops there didn’t understand their mission, and intelligence and air support were tied up elsewhere in the province.

…The report also says…that Combat Outpost Keating was located “deep in a bowl in Nuristan province, surrounded by high ground,” with limited protection from one observation post. By mid-2009, the report says, “there was no tactical or strategic value to holding the ground occupied by COP Keating,” which had been established to support a provincial political and economic reconstruction effort that never materialized.”

Do we never learn? Sending American soldiers to die in a country thousands of miles away, in order to prop up a puppet government which came to power by way of a fraudulent election, and is not supported by the people of that country. We’ve been there before.

George Santayana was right. “Those who cannot remember the past are condemned to repeat it.”

What Will Be Done About the Debt? Nothing

03 Wednesday Feb 2010

Posted by Craig in Congress, economy, Obama, Politics

≈ 1 Comment

Tags

Bernie Sanders, defense budget, entitlements, Jay Rockefeller, Mark Warner, McClatchy, national debt, Obama's budget, Patty Murray, Peter Orszag, taxes

The national debt is like the weather. Everybody talks about it, but nobody does anything about it. Nobody who CAN do something about it, that is. Reactions to President Obama’s proposed $3.83 trillion budget, which is projected to add $8.5 trillion to the debt over the next decade, prove that point, and can be summed up in a few words in this McClatchy article:

“Complicating the debt reduction picture is the desire by members of both parties to preserve what they see as important local programs, as well as to give themselves something to boast about in this election year.”

A few examples:

“There really isn’t anything in this budget which I can take home or talk about in favorable terms with respect to coal when I want to.” said Sen. Jay Rockefeller, D-W.Va.”

“Sen. Patty Murray, D-Wash., criticized Army Corps of Engineers funding. The Howard Hanson dam has been getting weaker and may not be able to control flooding in the Green River Valley, south of Seattle, she said.”

“Sen. Bernard Sanders, a Vermont independent..wanted the president’s proposed three-year freeze on non-defense discretionary spending to be extended to the Pentagon..[White House Budget Director Peter] Orszag said that wouldn’t be practical; Sen. Mark Warner, D-Va., agreed…”Because the nation is at war, we need to have more flexibility,” Warner said.”

One would think that a defense budget equal to the rest of the world’s military spending combined might have room for cuts somewhere. I guess one would be wrong.

OK, no defense cuts. What about entitlements?

“Orszag, who showed no emotion during his testimony, calmly said that Obama had a long-term plan to reduce the deficits, notably an as-yet un-appointed bipartisan commission to recommend remedies…Any commission recommendations also would have to be approved by Congress, where expected recommendations to cut the future costs of popular programs such as Social Security and Medicare and to raise taxes would face stiff resistance…There’s also no assurance that Congress will agree to a commission that has clout.”

So let’s review. Everybody in D.C. wants to reduce the debt and cut spending, but:

They won’t cut Defense.
They won’t cut entitlements.
They can’t stop paying interest on the debt.
They won’t cut any discretionary spending because it’s all somebody’s pet project or program.
They won’t raise taxes.

That leaves…….NOTHING.

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