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Archive for August 5th, 2008

Clinton Reflects on Democratic Primaries

Posted in Main Blog (All Posts) on August 5th, 2008 4:41 am by HL

Clinton Reflects on Democratic Primaries
In his first broadcast interview since his wife dropped out of the presidential race, Bill Clinton “said he still has regrets” and “appeared to grow testy as he discussed his wife’s failed bid for the nomination and was asked if he deserves at least some of the blame for his wife’s losses,” ABC News reports.

When asked, “Do you personally have any regrets about what you did, campaigning for your wife?” Clinton, at first, answered, “Yes, but not the ones you think. And it would be counterproductive for me to talk about… There are things that I wish I’d urged her to do. Things I wish I’d said. Things I wish I hadn’t said.”

Said Clinton: “But I am not a racist. I’ve never made a racist comment and I never attacked him personally.”


Super Rich Tax Cheats

Posted in Main Blog (All Posts) on August 5th, 2008 4:40 am by HL

Super Rich Tax Cheats
It is surprising that after the string of economic scandals over the last decade—from Enron to the housing crisis—we still know so little about how America’s wealthiest manage to avoid paying taxes, depriving the treasury of billions in money that could be used to enhance public welfare.

Super Rich VideoIt is surprising that after the string of economic scandals over the last decade—from Enron to the housing crisis—we still know so little about how America’s wealthiest manage to avoid paying taxes, depriving the treasury of billions in money that could be used to enhance public welfare. Now, America has never taken well to faintly socialist notions. That the tiny percentage of Americans who hold onto 22 percent of its wealth should contribute more to the public coffers than those who earn significantly less is heresy.

But what about the fact that the wealthiest citizens, the Warren Buffets, pay less in taxes than their secretaries? In fact, Buffet himself had 15 of 18 employees in his office fill out a survey about how much they pay every year in taxes. Buffet discovered that he paid a total of 17.7 percent while the office average was 32.9.

When we speak of economic crises, of Hurricane Katrina, of bubbles that burst we rarely examine how wealth is maintained in the United States and what it means for the rest of the country. As the American News Project notes in “Super Rich Tax Cheats,” the wealthiest Americans hide roughly 100 billion a year from the IRS. These offshore tax havens hold an estimated 1.5 trillion in American assets. There was some noise last fall, when the battle for progressive voters reached its peak, about taxing private equity and hedge fund managers at the same rate as the average American.

Today, we hear little about the inequities in tax policy that have made America the most stratified industrialized nation in the world. The wealthy are doing better than ever. The income tax rate is at its lowest level since the Great Depression. And Wall Street is betting on Obama. Interesting given that along with Carl Levin and Norm Coleman, Obama is supporting legislation that would crack down on tax haven abuse. Let’s hope he doesn’t change his tack the way he did with FISA.

Speaking of Obama, check out our panel discussion later tonight on the open letter to Barack Obama in the current issue of the Nation magazine.


Can’t Get Drunk On Hope Alone: DNC Orientation Video

Posted in Main Blog (All Posts) on August 5th, 2008 4:39 am by HL

Can’t Get Drunk On Hope Alone: DNC Orientation Video

Westword is Denver's award-winning, alternative, free weekly paper. It has a section devoted to the Democratic Convention, called Demver. Today's irreverent orientation video is by its “resident fake drunk cowboy” and friends at Wrist Deep Productions.

Given all the anger in the comments here today on serious subjects, hopefully it will make everyone lighten up a bit. This is an open thread.


And When He’s President?

Posted in Main Blog (All Posts) on August 5th, 2008 4:38 am by HL

And When He’s President?
I suppose Saint McCain won’t really be responsible then, either.


A Guide to the Sleaziest (and Most Contradictory) Smears on the Dem Nominee

Posted in Main Blog (All Posts) on August 5th, 2008 4:37 am by HL

A Guide to the Sleaziest (and Most Contradictory) Smears on the Dem Nominee
The Right appears to be having trouble pegging a consistent narrative to use against Obama; we’re here to help.

The Price of Oil, Tripled? An Attack on Iran Could Make It Happen
A war with Iran would ruin our economy and finally kill off our weakened, anemic democracy.


Last Word

Posted in Main Blog (All Posts) on August 5th, 2008 4:36 am by HL

Last Word
Folks, I’d love to keep my voice in this TPM discussion (if only to defend my honor!), but I’ve been off line since yesterday morning and I’m just online here briefly, and now gone and not back in Web…


ELECTION CENTRAL MORNING ROUNDUP

Posted in Main Blog (All Posts) on August 5th, 2008 4:35 am by HL

ELECTION CENTRAL MORNING ROUNDUP
As the candidates prepare to square off over energy today, Obama releases a new spot yoking McCain to Bush and Big Oil. That and other political news of the day in today’s TPM Election Central Morning Roundup. To get the…


Anthrax probe criticised

Posted in Main Blog (All Posts) on August 5th, 2008 4:34 am by HL

Anthrax probe criticised
Anthrax probe criticised

Guilty plea on Vegas ricin
‘Unemployed graphic designer’ guilty in case for possessing biological agent.


House conservatives boo veterans organizations who urge a clean military funding bill.

Posted in Main Blog (All Posts) on August 5th, 2008 4:33 am by HL

House conservatives boo veterans organizations who urge a clean military funding bill.
On Friday, the House considered a bill providing needed funding to veterans and military organizations. House conservatives tried to attach an offshore oil drilling amendment to the bill, threatening its passage. Chairman of the House Appropriations Subcommittee on Military Construction and Veterans Affairs Chet Edwards (D-TX) denounced the tactic. When he read statements from veterans […]

On Friday, the House considered a bill providing needed funding to veterans and military organizations. House conservatives tried to attach an offshore oil drilling amendment to the bill, threatening its passage. Chairman of the House Appropriations Subcommittee on Military Construction and Veterans Affairs Chet Edwards (D-TX) denounced the tactic. When he read statements from veterans groups urging Congress not to meddle with the legislation, House conservatives booed. Watch it:

Despite the Republicans’ stunts, the House passed the bill.

Digg It!


Alaskans for Obama: A Rare Democratic Push in the Last Frontier

Posted in Main Blog (All Posts) on August 5th, 2008 4:32 am by HL

Alaskans for Obama: A Rare Democratic Push in the Last Frontier
ANCHORAGE — In what might be the fullest realization of Barack Obama’s pledge to run hard in parts of the country largely untouched by presidential campaigning, the Democrat’s Alaska operation is making plans for organizers to hopscotch the state’s vast and sparsely populated interior by bush pl…

Sen. Barack Obama Addresses Energy Policy in Lansing, Mich.
OBAMA: We meet at a moment when this country is facing a set of challenges greater than any we’ve seen in generations. Right now, our brave men and women in uniform are fighting two different wars while terrorists plot their next attack. Our changing climate is placing our planet in peril. Our ec…