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Senate Caves, House Soon to Follow

14 Tuesday Dec 2010

Posted by Craig in budget, Congress, Democrats, economy, Obama, Taxes

≈ 1 Comment

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alternative energy, Bush tax cuts, China, cloture vote, compromise, create jobs, dog and pony show, House, infrastructure, Kirsten Gillibrand, Mary Landrieu, Mitch McConnell, President Obama, Republicans, Senate, starve the beast

The Senate voted 83-15 yesterday to invoke cloture on President Obama’s sell-out compromise on the extension of the Bush tax cuts for the top 2%. Nine Democrats and Bernie Sanders voted “no.” The nine were: Jeff Bingaman (NM), Sherrod Brown (OH), Russ Feingold (WI), Kirsten Gillibrand (NY), Kay Hagan (NC), Frank Lautenberg (NJ), Pat Leahy (VT), Carl Levin (MI), and Mark Udall (CO). One of the poster children for duplicity and hypocrisy, Mary Landrieu of Louisiana, who previously said that the deal “borders on moral recklessness,” voted “yes.” I’m shocked.

The president is happy:

“For Mr. Obama, the Senate vote offered affirmation that his administration had made the most of what seemed to be a rough political predicament, in which it was [BS Alert] forced to negotiate a tax agreement with the Bush-era tax cuts set to expire at the end of the month and Congressional Republicans empowered by their big victory in the midterm elections.

“This proves that both parties can in fact work together to grow our economy and look out for the American people,” Mr. Obama said.”

Absolutely. Those tax cuts have done such a wonderful job growing the economy in the past decade, no reason to expect that won’t continue for the next decade and beyond. Oh, but I forgot. The president is going to fight to end these cuts in two years. And if you’ll buy that….

“Mr. Obama said he understood that there were lawmakers unhappy with parts of the plan on both sides of the aisle, and he and his aides have made clear in recent days that he [BS Alert, Part Two] still fiercely disagrees with the Republicans over extending the lower tax rates on annual incomes above $250,000 per couple or $200,000 per individual.”

Co-president Senate Minority Leader Mitch McConnell is also pleased:

“This bipartisan compromise represents an essential first step in tackling the debt — because in keeping taxes where they are, we are officially cutting off the spigot,” Mr. McConnell said in a floor speech.”

Cut off the spigot, aka starve the beast. Straight out of the Grover Norquist playbook for making government so small it can be drowned in a bathtub.

Don’t expect the final outcome in the House to be any different, after the dog and pony show, that is:

“By all indications, the anger and opposition to the deal among House Democrats shows no sign of abating. At the same time, however, House Dem leaders have sent very clear signs that despite their own unhappiness with the deal, they believe it would be irresponsible to sink the compromise and have no intention of thwarting the President’s will.

Here’s the challenge for House Dem leaders right now, as I understand it: Come up with a way for Dem members to vent their disapproval of the deal, so they don’t feel too stiffarmed and marginalized by the process, without it resulting in changes significant enough to cause Republicans to walk away.”

Heavens no. Let’s be sure we don’t do anything that might piss off the Republicans. Appeasement at all costs.

“The result could be a situation in which Dems hold a vote on amendments to the bill that are likely to fail… Dem leaders could hold a vote amending that provision, allowing Dem members to register disapproval. But the amendment would likely be opposed by almost all Republicans and some moderate Dems. So it would likely lose.”

Like I said. Dog and pony show.

Sen. Gillibrand had this to say:

“Although this deal includes important measures I have fiercely advocated for, extending Bush tax cuts for the very wealthy will saddle our children with billions of dollars of debt. With unemployment near 10 percent and a growing budget deficit, every dollar in this deal should be spent in a way that creates jobs and gets our economy growing, and tax cuts for millionaires and billionaires do not create jobs and will not help our economy grow.”

Creating jobs and getting the economy going. Not with more trickle-down bullshit, but the way China is doing it. Yes, China:

“The Chinese have doubled their spending on education – with stunning results – and continue to build the world’s best infrastructure. Reuters reports that Beijing is contemplating a plan to invest $1.5 trillion over the next five years in seven crucial industries. The targeted sectors are alternative energy, biotechnology, new-generation information technology, high-end equipment manufacturing, advanced materials, alternative-fuel cars, and energy-saving and environmentally friendly technologies…While China spends its money to invest in long-term growth, it lends us cash so that we can give ourselves [well, not all of ourselves, just the chosen few] one more big tax break. Someone in Beijing must be smiling.”

Not just smiling, laughing.

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Senator Sanders on the Class War

11 Saturday Dec 2010

Posted by Craig in budget, Clinton, Congress, economy, Financial Crisis, Obama, Politics, special interests, Taxes, too big to fail, Wall Street

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Bernie Sanders, Chamber of Commerce, Charles Ferguson, Citigroup, class war, Commodity Futures Modernization Act, derivatives, free trade, George Carlin, Glass-Steagall, Inside Job, Jacob Lew, Mitch McConnell, NAFTA, oligarchs, OMB, Peter Orszag, pork, President Clinton, President Obama, Senate, South Korea, speech, too big to fail

Just one small segment of Sen. Bernie Sanders’ marathon speech on the floor of the Senate yesterday, dealing with the class war and the winners and losers in that war:

“…in the year 2007, the top 1 percent of all income earners in the United States made 23.5 percent of all income. The top 1 percent earned 23.5 percent of all income–more than the entire bottom 50 percent.”

“From 1980-2005, 80% of all income went to the top 1%.”

Not much question who the winners are, and not much question now whose side President Obama is on. Charles Ferguson, director of Inside Job, wrote in Salon:

“It is…overwhelmingly clear that President Obama and his administration decided to side with the oligarchs — or at least not to challenge them. This raises the question of why they have made this choice, and whether it is a correct (in the sense of rationally self-interested) calculation on their part.

As to the “why,” several explanations have been proposed. One is that the president, as a matter of individual psychology, is extremely conflict-averse, preferring to avoid fights no matter how important. A second hypothesis is that the president is simply doing the most he can, given the political climate and the furious lobbying effort with which he is confronted. This explanation, however, is belied by [his] personnel appointments, among other evidence.”

The latest example of this is in President Obama’s choice for director of OMB. The new one, Jacob Lew, came from Citigroup. The old one, Peter Orszag, went to Citigroup. More Ferguson:

“A more disturbing possibility is that the Obama administration has simply codified a new strategic equilibrium in American politics, one first devised by the Clinton administration, in which both parties are supine with regard to the financial sector and the wealthy.”

President Obama brought out former President Clinton yesterday to endorse his “deal.” Bill Clinton, whose “bi-partisan outreach” during his administration left two ticking time bombs in the economy in the form of the repeal of Glass-Steagall, which created “too big to fail,” and the Commodity Futures Modernization Act, which banned the regulation of derivatives.

Sen. Sanders brought up the subject of free trade. Just last week President Obama signed the South Korean version of NAFTA. I hear Ross Perot’s giant sucking sound again.  All you need to know about the South Korean “deal” it is that it got two thumbs up from those two staunch defenders of the middle-class and working people–the Chamber of Commerce and Mitch McConnell.

As good as it was to hear Sen. Sanders’ speech yesterday, I fear he is just a voice crying in the wilderness. The president’s “deal” is now being loaded up with enough pork to buy enough votes to win passage. In short, the fix is in, the wealthy and powerful will win again. We keep going back to George Carlin, “It’s a big club and we’re not in it.”

The Party of “No” or The Party of No Backbone

24 Friday Sep 2010

Posted by Craig in Congress, Democrats, economy, Politics

≈ Leave a comment

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Democrats, Harry Reid, lame-duck session, mid-terms, November, Republicans, Senate, taxes

Gutless. Spineless. Cowards.

“Senate Democrats said Thursday that they had abandoned plans for a pre-election showdown with Republicans over taxes, postponing any vote on extending Bush administration tax cuts until after the November midterms.

Democrats discussed the issue during a caucus luncheon but left the final decision to Senate Majority Leader Harry Reid (D-Nev.)”

That was your first mistake, leaving it up to Sir Robin Harry Reid.

“Late Thursday, Reid spokesman Jim Manley said, “We will come back in November and stay in session as long as it takes to get this done.”

Bullshit. If the Republicans take control of Congress, and how can they not with opposition like this, does anybody with half a brain (which excludes Reid) think they’ll be in the mood to make a deal after the election. Here’s what will happen:

“…the GOP is going to shout and scream and throw feces and demand what it will deem one of two acceptable options:  a permanent extension of all cuts or a one- or two-year extension.  And one of these will pass.  And if it’s the temporary extension, the renewal will come up before the very Congress these midterms are going to elect, meaning it will be an even more Republican Congress than the one in the lame-duck session.  So the tax cuts for the rich will be made permanent then.”

Meanwhile, back in D.C.:

“The Senate left for the weekend Thursday afternoon and will not return until early next week, when Reid has scheduled a vote on a bill to prevent firms from sending jobs overseas and reward those that bring jobs back to the United States. Congressional leaders are aiming to get lawmakers out on the campaign trail by the end of next week.”

No, don’t go back at all. Slither your worthless invertebrate asses home and stay there. Don’t even come back for the lame-duck session. Get ready for your post-Senatorial careers. At least we can save on the cost of utilities by keeping the Capitol building dark, you useless wastes of space.

The party of no or the party of no backbone. One hell of a choice.

Reid Up By 2 in Latest Rasmussen Poll

28 Wednesday Jul 2010

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

≈ Leave a comment

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campaign finance regulation, Chickens for Checkups, DISCLOSE Act, extreme views, Harry Reid, Nevada, radio interview, Rasmussen poll, Senate, Sharron Angle, Sue Lowden, Tea Party Express

Nevada Republican Party to the Tea Party Express: Thanks a lot.

In the June 8 Senate Republican primary in Nevada, Tea Party darling Sharron Angle defeated Republican establishment candidate Sue “Chickens for Checkups” Lowden by a margin of 39%–28%. A June 11 Rasmussen poll showed Angle with a 50–39 edge over Senate Majority Leader Harry Reid. Then Angle started talking…and running from cameras. Now? The latest from Rasmussen has Reid up 45–43, and Nevada has changed from Toss-Up to Leans Democrat.

Some of the internals are interesting:

48% of the state’s voters have a Very Unfavorable view of Reid

55% have at least a somewhat unfavorable opinion of Reid.

50% characterize his views as extreme.

But yet he has an overall lead. Howzat?

Angle…is viewed as holding extreme views by 58%.

And if Rasmussen has Reid up by 2, you know his actual lead must be at least 6 or 7. Take note Tea Party candidates: Crazy can win the Republican Primary. The General Election, not so much.

Angle’s latest: In a radio interview today she was asked her thoughts about campaign finance regulation.

“Well I think that the Supreme Court has really made their decision on this, they found that we have a First Amendment right across the board that was violated by the McCain-Feingold Act. And that’s what they threw out, was those violations. The McCain-Feingold Act is still in place. The DISCLOSE Act is still in place. It’s just that certain provisions within that they found to be definitely violating the First Amendment. If we didn’t have the DISCLOSE Act there would be a lot of different things that people wouldn’t be able to find out.”

The DISCLOSE Act became the latest filibuster victim on Tuesday.

It’s True Harry, and You Have Only Yourself to Blame

15 Thursday Jul 2010

Posted by Craig in Congress, Democrats, economy, financial reform, Politics, Unemployment, Wall Street

≈ Leave a comment

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bonuses, filibuster rule, financial reform, Harry Reid, health care reform, hiring, obstructing, Republicans, Senate, stimulus, unemployment, Wall Street

Welcome to the party, Harry. You’re a little late, but glad you finally got here:

“Republicans hope unemployment rates jump higher to give them a better shot at retaking Congress, Majority Leader Harry Reid said Wednesday.

At a press conference announcing a package of proposals to help small business, the Nevada Democrat said Republicans were obstructing legislation to help the economy for political reasons.

“They think the worse the economy is come November, the better they’re going to do election-wise,” Reid said.

Reid cited an extension of unemployment benefits as an example of legislation that would help the economy but was being blocked by Republicans.”

They don’t care about extending unemployment benefits. That money goes mostly to the vanishing middle-class that Republicans have been trying to kill off since 1980 anyway. This will just accelerate the process in the direction of their goal of a two-class society—the very rich and the poor. The fat cats on Wall Street are hiring and doling out the big bonuses again, and that’s all that matters to the GOP.

BTW, Harry. If you’re looking for someone to blame, find a mirror. If you and the other Dems would have had the balls to change that stupid-ass 60 vote rule in the Senate 18 months ago, none of this would have been possible. We could have had a REAL stimulus package, REAL health care reform, and REAL financial reform.

Democrats didn’t want to change it because they were anticipating some time in the future when they were in the minority and could use the filibuster to their advantage.

That time will be here a lot sooner than they thought.

One Vote

01 Thursday Jul 2010

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

≈ Leave a comment

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Ben Nelson, deficit, Democrats, extension, fool, Harry Reid, idiot, Olympia Snowe, Senate, Susan Collins, unemployment benefits

One vote. That’s all more than 2 million Americans needed to have their unemployment benefits extended. One vote.  That’s all that was needed to prevent the unprecedented action by Congress of failing to extend benefits when unemployment is anywhere near our current rate of 9.7%, the previous high being 7.2% in 1983. One vote

Senate Majority Leader Harry Reid had the votes of 57 Democrats, counting his own. He even had the votes of 2 Republicans, Olympia Snowe and Susan Collins. And in the post-January 20, 2009 climate of Washington, D.C. that is a major accomplishment. He needed one vote to get the sixty necessary to break the filibuster and pass the extension before the Senate recessed until July 12. One vote.

Unfortunately, not only for Senator Reid but more importantly for those 2+ million Americans, that one vote was, and is, in the possession of possibly the biggest damn fool ever to occupy space in the Senate chamber, Ben Nelson of Nebraska.

Nelson’s reasons for his opposition:

“Tough choices are possible and necessary to not add to the deficit,” Nelson said. “Some also say we need more emergency spending now to keep the recovery going. But in my view it could jeopardize the recovery and would add to our already enormous deficit, likely to be around $1.4 trillion for the second year in a row…. Congress should provide additional unemployment benefits but not as a bailout to the states that worsens the deficit and passes the bills onto our children.”

Do you know who’s making tough choices, you idiot? The long-term unemployed who now have to spend July 4th weekend wondering how, or if, they’ll be able to keep their house, or pay the rent, or keep the lights on. They’re not worried about passing bills on to their children; they’re worried about being able to feed their children.

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]

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.

Senate Turns Down Extension of Unemployment Benefits

17 Thursday Jun 2010

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

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Afghanistan, allure, Ben Nelson, defense spending, deficit, Diane Feinstein, drug test, funding, Iraq, John Linder, Orrin Hatch, Pentagon, Senate, too generous, unemployed, unemployment benefits

The Republicrats in the Senate gave a big middle finger to the long-term unemployed yesterday, as 12 Democrats joined all the Republicans in voting down the extension of unemployment benefits, citing their hypocritical concerns about increasing the deficit as the reason:

“I’ve said all along that we have to be able to pay for what we’re spending,” said Sen. Ben Nelson, a Nebraska Democrat who voted against the bill. “$77 billion or more of this is not paid for and that translates into deficit spending and adding to the debt, and the American people are right: We’ve got to stop doing that.”

Funny, Sen. Nelson didn’t have any problem with deficit spending when he voted for $165 billion to fund operations in Iraq and Afghanistan for 2008 and 2009.

Sen. Diane Feinstein (D-CA) also voted again the extension over her concerns that unemployment benefits are so generous that they encourage people to not look for a job:

“We have 99 weeks of unemployment insurance,” Feinstein said. “The question comes, how long do you continue before people just don’t want to go back to work at all?”

Right DiFi, the unemployed are getting fat and happy living on benefits that are about one-third of their previous wages. This coming from the ninth richest member of Congress whose assets in 2005 were estimated at $40 million. And oh by the way, whose husband, Richard Blum, just happens to own two defense contractors that benefitted greatly from Sen. Feinstein’s time as chairman of the Military Construction Appropriations subcommittee.

Feinstein was echoing what Congressman John Linder (R-GA) said last week:

“Georgia Republican Rep. John Linder suggested Thursday that extended unemployment benefits keep people from looking for work…”[N]early two years of unemployment benefits are too much of an allure for some,” said Linder.”

OK, Rep. Linder, let’s apply your logic to the Pentagon. Since you also voted for the $165 billion in funding for Iraq and Afghanistan, isn’t that “too much of an allure” for the continuation of both wars? Let’s cut off their funding and end their addiction.

Last but not least, Sen. Orrin Hatch (R-UT) turned up the stoopid yesterday with his proposal that the unemployed undergo drug tests in order to receive benefits. Right, Orrin. The 46% of the unemployed who have been out of work for more than 6 months, the highest number since the Labor Department started keeping that statistic in 1948, would rather sit around the house, get high and watch the tube than go to work. Idiot.

I propose that members of Congress undergo drug testing. Or maybe more appropriately, brain scans.

Senate Passes Two Meaningless Amendments on Financial Regulation

06 Thursday May 2010

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

≈ Leave a comment

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amendments, Barbara Boxer, financial regulation, liquidation, Richard Shelby, Senate, taxpayer bailouts

Any time I see that the Senate has passed something by a vote of 93–5 or 96–1 I can be sure of one thing—it’s meaningless. It’s the equivalent of a proclamation naming Sunday as the official first day of the week. Such was the case yesterday with 2 amendments to the financial regulatory bill:

“The Senate on Wednesday approved two amendments to the financial regulatory bill that both Democrats and Republicans claimed would end the prospect of taxpayer-financed bailouts for companies deemed “too big to fail.”

[…]

By a vote of 93 to 5, the Senate approved an amendment by Senator Richard C. Shelby of Alabama, the ranking Republican on the Banking Committee [which] eliminated a $50 billion fund that was designed to help bridge financial shortfalls while a failing company was undergoing liquidation. Mr. Shelby said the fund was “a honey pot” that would facilitate “backdoor bailouts.” (Somewhere Frank Luntz is smiling).

[…]

The Shelby amendment also requires the Federal Deposit Insurance Corporation to oversee the liquidation of a systemically important financial company that is failing, using money provided by a special line of credit with the Treasury.”

And where does the Treasury get its money again?

“The Senate also approved, by a vote of 96 to 1, an amendment by Senator Barbara Boxer, Democrat of California, saying that no taxpayer money may be used to keep a ailing financial company alive.”

Wow, earthshaking stuff there too. Wake me up when (or should that be if) they get around to the Brown–Kaufman amendment.

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