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Archive for November 15th, 2008

Republicans Trash The Economy, Again!

Posted in Main Blog (All Posts) on November 15th, 2008 5:42 am by HL

Republicans Trash The Economy, Again!
Republicans were in charge and caused the Panic of ’73. Republicans were in charge and caused the Crash of ’29 Republicans were in charge and caused the S&L Collapse The DotCom Bubble was predicted by every one but Intel Phil Graham wrote just about every piece of legislation that has back-fired in this current crisis. McLame still holds his hand when they cry for the less fortunate. They cried for the poor homeowners and small investors when Lincoln Savings folded, too. Who would have guessed that the same opaque instruments would have folded in exactly the same way four different times across 135 years?


Did Clinton Meet With Obama?

Posted in Main Blog (All Posts) on November 15th, 2008 5:41 am by HL

Did Clinton Meet With Obama?
Though Sen. Hillary Clinton was in Chicago yesterday — at the same time buzz of her consideration for Secretary of State escalated — there’s no proof she actually met with President-elect Obama.

However, there is this hint from the pool report: “Several minutes before President-elect Obama’s motorcade emerged from the basement garage beneath his transition headquarters, another unidentified motorcade of approximately three SUVs left the garage.”

Update: Marc Ambinder has sources that confirm Clinton met with Obama mid-afternoon yesterday and that Rahm Emanuel sat in on at least parts of the meeting.


Just Say It, Bobo — “Union”

Posted in Main Blog (All Posts) on November 15th, 2008 5:40 am by HL

Just Say It, Bobo — “Union”
A howl is arising among conservatives, which David Brooks echoes this morning — the Big three auto makers must be allowed to die. Not so long ago, corporate giants with names like PanAm, ITT and Montgomery Ward roamed the earth. They faded and were replaced by new companies with names like Microsoft, Southwest Airlines and Target.

A howl is arising among conservatives, and David Brooks throws back his head this morning — the Big three auto makers must be allowed to die.

Not so long ago, corporate giants with names like PanAm, ITT and Montgomery Ward roamed the earth. They faded and were replaced by new companies with names like Microsoft, Southwest Airlines and Target. The U.S. became famous for this pattern of decay and new growth.

PanAm, union airline.  Southwest, non-union.  We get it.

It’s amazing that even now Brooks cannot name the pig he is tasked with lipsticking, he must speak in conservative code.  He never says the UAW needs to be broken, instead we’re treated to “politically powerful crony capitalists who use their influence to create a stagnant corporate welfare state.”

At least the Wall Street Journal is more forthright:

Detroit’s demands are meanwhile pressing in a postelection environment where Big Labor and greens are presenting their own bills for political services rendered.

There were no labor union folks on Obama’s transition council of economic advisors.  Wanting people to keep their jobs and the healthcare protection they earned from a lifetime of work, and not foot the bill for poor corporate management, is not exactly a demand for “payola.”

Here’s more Republican honesty:

“The financial straits that the Big Three find themselves is not the product of our current economic downturn, but instead is the legacy of the uncompetitive structure of its manufacturing and labor force,” said U.S. Senator Richard Shelby (R-Ala.).

As Marcy notes, Shelby’s anti-union carping may have more to do with the fact that his state is home to the non-union auto factories of Honda, Toyota, Hyundai, and Mercedes that crank out SUVs and giant pickups.

McConnell supported easing access to the $25 billion loan to the auto industry that Congress made earlier this year, largely because the loan was made to encourage fuel economy and environmental standards.  But yesterday, Chris Dodd said it probably wouldn’t happen because they can’t get any Republican cooperation (though Reid and Levin, it should be noted, quickly yanked his chain).

I guess the GOP is now fighting about who they’d like to screw over more in the waning days of the Bush administration — the environmentalists or the unions.

Well, at least we know where David Brooks comes down.


Blackwater Busted? Six Guards May Be Charged in Iraq Massacre

Posted in Main Blog (All Posts) on November 15th, 2008 5:39 am by HL

Blackwater Busted? Six Guards May Be Charged in Iraq Massacre
Critics still fear reckless behavior by the 140,000 private corporate contractors in Iraq will continue.


The Anatomy of Conservative Self-Deception

Posted in Main Blog (All Posts) on November 15th, 2008 5:38 am by HL

The Anatomy of Conservative Self-Deception
Note: this item is cross-posted from The Democratic Strategist. For those Democrats who were settling down with a bag of popcorn to watch an orgy of ideological strife among Republicans, it’s beginning to become apparent that the war may be…


Obama In Berlin

Posted in Main Blog (All Posts) on November 15th, 2008 5:37 am by HL

Obama In Berlin
The speech: Late Update: TPM Election Central analyzes the speech here….


Alaska Sen. Ted Stevens now losing by 814 votes; Franken-Coleman recount to last for another month

Posted in Main Blog (All Posts) on November 15th, 2008 5:36 am by HL

Alaska Sen. Ted Stevens now losing by 814 votes; Franken-Coleman recount to last for another month
Alaska Sen. Ted Stevens now losing by 814 votes; Franken-Coleman recount to last for another month


Rep. Cummings asks, ?Is Kashkari a chump??

Posted in Main Blog (All Posts) on November 15th, 2008 5:35 am by HL

Rep. Cummings asks, ?Is Kashkari a chump??
In a hearing today, Rep. Elijah Cummings (D-MD) excoriated “bailout czar” Neil Kashkari after reports emerged saying that AIG doled out $503 million to top executives. Noting the financial troubles in his Baltimore district, Cummings asked rhetorically whether his constituents would think Kashkari is a “chump” after learning of the AIG bonuses: CUMMINGS: I’m just wondering […]

In a hearing today, Rep. Elijah Cummings (D-MD) excoriated “bailout czar” Neil Kashkari after reports emerged saying that AIG doled out $503 million to top executives. Noting the financial troubles in his Baltimore district, Cummings asked rhetorically whether his constituents would think Kashkari is a “chump” after learning of the AIG bonuses:

CUMMINGS: I’m just wondering how you feel about an AIG giving $503 million worth of bonuses on the one hand, and accepting $154 billion from hard-working taxpayers. You know, because I’m trying to make sure you get it. What really bothers me is all these other people who are lined up. They say, well, is Kashkari a chump?

“I wouldn’t want to be asking my friend for some money to stay afloat. … Then my friend, who can barely afford to go to McDonald’s sees me in a restaurant costing $150 a meal. There’s absolutely something wrong with that picture!” exclaimed Cummings. Watch it:

CNBC and Gawker have more angry reactions from lawmakers.


Calif. Congressman to Challenge Boehner for Job of House Minority Leader

Posted in Main Blog (All Posts) on November 15th, 2008 5:34 am by HL

Calif. Congressman to Challenge Boehner for Job of House Minority Leader
Rep. Dan Lungren of California announced yesterday that he will challenge House Minority Leader John A. Boehner’s bid to lead the Republican caucus in the next Congress.


A Lemon of a Bailout

Posted in Main Blog (All Posts) on November 15th, 2008 5:31 am by HL

A Lemon of a Bailout
WASHINGTON — Finally, the outlines of a coherent debate on the federal bailout. This comes as welcome relief from a campaign season that gave us the House Republicans’ know-nothing rejectionism, John McCain’s mindless railing against “greed and corruption” and Barack Obama’s detached enunciation of vacuous bailout “principles” that allowed him to be all things to all people. Now clarity is emerging. The fault line is the auto industry bailout. The Democrats are pushing hard for it. The White House is resisting.