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Archive for January 26th, 2009

‘Left, Right & Center’: Obamarama; Bad Bankers; a Kennedy Is KO’d

Posted in Main Blog (All Posts) on January 26th, 2009 5:39 am by HL

‘Left, Right & Center’: Obamarama; Bad Bankers; a Kennedy Is KO’d

Left, Right & Center

Well, here he is, our new Mr. President. How did Barack Obama fare in his first few days in office? Meanwhile, Wall Street flounders, and Caroline Kennedy’s Senate bid falls short at the 11th hour. The “Left, Right & Center” team takes a crack at this week’s news. Audio fixed

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Donald Rumsfeld: "God Bless" Obama For Supporting Return Of Military Programs To Campuses

Posted in Main Blog (All Posts) on January 26th, 2009 5:38 am by HL

Donald Rumsfeld: "God Bless" Obama For Supporting Return Of Military Programs To Campuses
By last Thursday night, with the changing of the guard in Washington complete, some star power had returned to New York, and there, in the…

Frank Naif: Intelligence Investigations Should Target Top Deciders
In the coming weeks, the new Obama administration will run out of excuses for blowing off demands for an investigation into the full extent of…

Blagojevich Impeachment Trial To Begin Without Defendant
SPRINGFIELD, Ill. — Though Illinois lawmakers are launching an impeachment trial Monday that could remove Gov. Rod Blagojevich from office, the governor himself will be…

Chris Weigant: My Final Inaugural Report — The Good, The Bad, And The Ugly
“It was a the best of times, it was the worst of times.” Too trite? How about: “We must pick ourselves up, dust ourselves off,…


Merrill Paid Billions In Bonuses, As New Owner Sought More Bailout Dollars

Posted in Main Blog (All Posts) on January 26th, 2009 5:37 am by HL

Merrill Paid Billions In Bonuses, As New Owner Sought More Bailout Dollars
It’s got stiff competition, but Merrill Lynch may have just wrapped up the prize for the investment bank that best exemplifies Gordon Gekko’s famed articulation of the Wall Street creed: “Greed is good.” The Financial Times reports (sub. req.) today…

Could Obama’s Executive Order Help Pry Loose Bush Records?
Over at TPM, Josh and David have been mulling the significance of the executive order, issued today by President Obama, concerning the Presidential Records Act. Could it apply retroactively to previous administrations, making it easier to pry loose records that…

No More Madoffs: Schumer, Shelby Want Beefed Up Efforts to Combat Financial Fraud
The wages of Madoff continue to grow… A new bill being introduced by Senators Chuck Schumer and Richard Shelby would aim to crack down on financial fraud by adding hundreds of new prosecutors and investigators to the Department of Justice…


Blagojevich Impeachment Trial Opens

Posted in Main Blog (All Posts) on January 26th, 2009 5:35 am by HL

Blagojevich Impeachment Trial Opens
“Setting the stage for a momentous act of political repudiation,” the Illinois state Senate “prepared to open the first impeachment trial of a governor in Illinois history on Monday and disgraced Gov. Rod Blagojevich acknowledged his days in office were numbered,” the Chicago Tribune reports.

Said Blagojevich: “I think what you’ll see is a roll call that will be pre-designed, and we’ll see whether or not I even get one vote.”


Obama Called a "Visual Aid" for White Supremacist Recruiting

Posted in Main Blog (All Posts) on January 26th, 2009 5:34 am by HL

Obama Called a "Visual Aid" for White Supremacist Recruiting
A new black president and the deepening economic crisis are creating the perfect storm for racist groups intent on swelling their ranks.

How Women Can Bleed Green
Hey ladies, you may not be able to afford solar panels or a biodiesel vehicle. Maybe you’re not ready for a compost toilet. But you can do this.

Holy Cow: Top Dems Are Serious About Investigating Bush’s Criminal Acts
To the surprise of progressives and anger of the GOP, leading Dems support investigations.

The Taliban Warns Obama: Get out of Afghanistan
Taliban spokesman says Obama "must learn lessons" that Bush and the Soviet Union failed to understand about Afghanistan.


How America Embraced Lemon Socialism

Posted in Main Blog (All Posts) on January 26th, 2009 5:33 am by HL

How America Embraced Lemon Socialism
America has embraced Lemon Socialism. The federal government — that is, you and I and every other taxpayer — has taken ownership of giant home mortgagors Fannie and Freddie, which are by now basket cases. We’ve also put hundreds of…

Harnessing Politics To Fix Politics
It’s hard to disagree with much of Michael Waldman’s lovely post. It is inviting at the level of principle (who, after all, is against creating a robust participatory democracy?). And he’s right at the level of practice – matching…






Limbaugh against stimulus because its success could hurt GOP?s electoral chances.

Posted in Main Blog (All Posts) on January 26th, 2009 5:32 am by HL

Limbaugh against stimulus because its success could hurt GOP?s electoral chances.
On Friday, when President Obama met with congressional leaders from both parties to discuss his economic recovery and reinvestment program, he told GOP leaders, “You can’t just listen to Rush Limbaugh and get things done.” Asked for a response by National Review yesterday, Limbaugh said that Obama’s “plan is to isolate elected Republicans from their […]

On Friday, when President Obama met with congressional leaders from both parties to discuss his economic recovery and reinvestment program, he told GOP leaders, “You can’t just listen to Rush Limbaugh and get things done.” Asked for a response by National Review yesterday, Limbaugh said that Obama’s “plan is to isolate elected Republicans from their voters.” He added that passage of the stimulus bill would hurt Republicans electorally:

Obama’s plan would buy votes for the Democrat Party, in the same way FDR’s New Deal established majority power for 50 years of Democrat rule, and it would also simultaneously seriously damage any hope of future tax cuts. It would allow a majority of American voters to guarantee no taxes for themselves going forward. It would burden the private sector and put the public sector in permanent and firm control of the economy. Put simply, I believe his stimulus is aimed at re-establishing “eternal” power for the Democrat Party rather than stimulating the economy because anyone with a brain knows this is NOT how you stimulate the economy.

Limbaugh’s argument echoes former Ohio Secretary of State Ken Blackwell’s recent claim that Obama’s stimulus plan “could create a major electoral advantage for Democrats at taxpayer expense.” “Creating 600,000 new jobs might help cement Virginia in the Democrat column, making it harder for Republicans to retake the White House,” said Blackwell.


Senate Seat Is Latest Stop On Bennet’s Unlikely Ride

Posted in Main Blog (All Posts) on January 26th, 2009 5:31 am by HL

Senate Seat Is Latest Stop On Bennet’s Unlikely Ride
Michael Bennet has been sleeping in his mother’s Woodley Park house and taking the Metro to a borrowed conference room in the Hart Senate Office Building to meet with staff members, who are also on loan.

Financial Institutions May Need Additional Funds, Biden Says
Banks and other financial institutions may need more than the $700 billion in public money that has already been approved to repair the nation’s feeble credit system, Vice President Biden and congressional Democrats said yesterday.

Fed May Gain More Financial Oversight
Congress is moving to create strong new oversight of the financial sector that would likely give the Federal Reserve authority to examine the workings of a wide range of companies in an attempt to address one of the key failures that led to the financial crisis.

Obama Using His Personal Appeal to Put Change Into Motion
If George W. Bush saw himself as a CEO president, an efficient “decider” who relied on an administration of like-minded thinkers to get things done, President Obama is proving something else altogether. In his first week in office, Obama is giving clear signs that he is willing to trade on his own…