The Hollywood Liberal

Still Doing God’s Work on Wall Street
Jail, anyone? Perhaps that’s too harsh, and at any rate premature, but is anyone ever going to be held accountable for the behind-the-scenes sweetheart deals that passed tens of billions of taxpayer dollars through the AIG shell game to the very banks that caused the financial meltdown? READ THE WHOLE ITEM

By Robert Scheer

Jail, anyone? Perhaps that’s too harsh, and at any rate premature, but is anyone ever going to be held accountable for the behind-the-scenes sweetheart deals that passed tens of billions of taxpayer dollars through the AIG shell game to the very banks that caused the financial meltdown?

READ THE WHOLE ITEM

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U.S. Economic Growth Falls Short of Earlier Figure
Whoops! The bad news in this bulletin is that the U.S. economy didn’t grow at quite the rate—3.5 percent—from July through September that the Department of Commerce previously said it had. The good news: It still grew, albeit at the whittled-down pace of 2.8 percent during that time.  —KA BBC: The change in the gross domestic product figure came partly because imports, which count as negative, were higher than thought. Imports increased at an annual rate of 21%, the biggest gain since the second quarter of 1985, and a big jump on the 16% first thought. US GDP is expressed as an annualised rate, or annual pace, which shows what the annual rate would be if the latest change continued for the rest of the year. Following the downward revision, the main US share index, the Dow Jones, ended Tuesday trading down 17 points or 0.2% to 10,434. Read more READ THE WHOLE ITEM

Whoops! The bad news in this bulletin is that the U.S. economy didn’t grow at quite the rate—3.5 percent—from July through September that the Department of Commerce previously said it had. The good news: It still grew, albeit at the whittled-down pace of 2.8 percent during that time.? —KA

BBC:

The change in the gross domestic product figure came partly because imports, which count as negative, were higher than thought.

Imports increased at an annual rate of 21%, the biggest gain since the second quarter of 1985, and a big jump on the 16% first thought.

US GDP is expressed as an annualised rate, or annual pace, which shows what the annual rate would be if the latest change continued for the rest of the year.

Following the downward revision, the main US share index, the Dow Jones, ended Tuesday trading down 17 points or 0.2% to 10,434.

Read more

READ THE WHOLE ITEM

Related Entries

• November 24, 2009 Delay Worked for Kennedy
• November 24, 2009 Books, Not Bombs
• November 24, 2009 Obama Risks Losing His Judicial Prize
• November 23, 2009 Refuse Allegiance to Coal
• November 23, 2009 Beautiful Steamer

Why Obama Doesn’t Write Families Of Soldiers Who Commit Suicide
Wednesday’s Wall Street Journal reports on a longstanding White House policy that Presidents do not send condolence letters to families of U.S. soldiers who commit…

Maureen Dowd: Bill Clinton Lobbied Gov. Paterson To Keep Caroline Kennedy Out Of Senate
Maureen Dowd’s New York Times column this week details the fall of outgoing White House council Greg Craig, and drops an interesting tidbit concerning Caroline…

Climategate: GOP Opens Probe Into Climate-Change E-Mails
WASHINGTON — Congressional Republicans are investigating e-mails stolen from a British climate change research center that they say show scientists attempting to suppress data that…

Quick Fact: Which Obama admin official is Hannity falsely claiming “supports forced sterilizations”?

Sean Hannity falsely claimed that Obama has “got” a “guy” in his administration “that supports forced sterilizations.” Hannity did not specify which “guy” he was referring to, but has previously leveled this charge at director of the White House Office of Information and Regulatory Affairs Cass Sunstein and White House science and technology adviser John Holdren.

From the November 24 broadcast of Fox News’ Hannity:

DON IMUS: I think seizing on the fact that he hung out with Bill Ayers is — come on, who cares?

HANNITY: Look. He has an energy secretary, Don, that wants every roof in America painted white. Every pavement right down there in, you know, in New York, they’ll paint every pavement in the country white. He’s got another guy that supports forced sterilizations.

IMUS: Well that’s trouble.

HANNTIY: He’s got another guy that wants to ban hunting and give animals lawyers, that he’s appointed.

Fact: Contrary to Hannity’s prior claims, Holdren did not “support forced sterilization”

Hannity has concluded that “the text of the book clearly does not support that. We think a thorough reading shows that these were ideas presented as approaches that had been discussed. They were not posed as suggestions or proposals. In fact, the authors make clear that they did not support coercive means of population control. Certainly, nowhere in the book do the authors advocate for forced abortions.”

Fact: Hannity previously offered no evidence in claiming Sunstein “wants to… force sterilizations.”

As Media Matters for America documented, on his November 23 show, Hannity baselessly claimed Sunstein “wants to… force sterilizations,” citing no evidence whatsoever.

NC Health Insurer Being Probed For Campaign Against Public Option
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Shadowy GOP-Linked Group Plans Barrage Of 2010 Robo-Calls
A shadowy conservative group with ties to the operatives behind a host of GOP dirty tricks is working to undermine state restrictions on political robo-calls, as it gears up to unleash a barrage of such calls in 2010 races.

GOP Inquiry Fails To Show Obama’s Firing Of AmeriCorps IG Was Politicized
A congressional GOP inquiry into the firing of the inspector general for AmeriCorps has been garnering headlines mostly for revealing details of allegations of sexual misconduct by Sacramento Mayor and Obama ally Kevin Johnson. But on the key question of…

The new GOP purity test: Who’d fail?
Excerpt: According to The New York Times, the Republican National Committee (RNC) has developed an ingenious method of determining the “purity’ of GOP politicians. Invoking the wisdom of Ronald Reagan whom, according to the resolution, once said “that someone who agreed with him 8 out of 10 times was his friend, not his opponent,” the RNC […]

Conservative "Purity Test" Too Right Wing for Ronald Reagan
Rigid conservatives in the RNC want to establish a purity test for the party’s candidates. Guess what? Reagan the conservative hero would have failed most of the criteria.

Is Amazon.com Screwing You Over?
Amazon is charging — and pocketing — exorbitant shipping and handling fees, and someone somewhere is getting rich from it.

Don’t Be Scared of Food: Are We Being Needlessly Hysterical About Food Safety?
Despite all the media hype, there’s little to actually suggest we’re facing a major food safety crisis.

White House Garden Won’t Make Up for Obama’s Nomination of Pesticide Lobbyist for US Chief Agriculture Negotiator
Obama’s statements about food and agriculture trend moderate to progressive, but his nominations for top positions in his administration tell a different story.

Afghanistan Price Tag Will Easily Beat Annual Cost of Expanding US Health Care
The Pentagon, which favors a surge in US troops to Afghanistan knows how defense bidding goes. They’ve seen enough of it from the large defense contractors to know that you bid low and reconcile at a multiple of two or…


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Pulling Teeth
I’m glad to see that Rep. Alan Grayson (D-FL) has launched a site with a petition calling on Harry Reid to lower the cloture number required to stop a filibuster from 60 to 55. Moderates ought to approve: It’s a…


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Seattle Chamber of Commerce: Unlike the U.S. Chamber, we?re ?environmentally progressive.?
It is becoming increasingly clear that the U.S. Chamber of Commerce, the right-wing lobbying giant, is not actually the “voice of business” when it opposes climate action. Yesterday, the Greater Seattle Chamber of Commerce became the latest organization to distance itself from the national chamber’s reactionary stance on global warming and clean energy legislation. In […]

It is becoming increasingly clear that the U.S. Chamber of Commerce, the right-wing lobbying giant, is not actually the “voice of business” when it opposes climate action. Yesterday, the Greater Seattle Chamber of Commerce became the latest organization to distance itself from the national chamber’s reactionary stance on global warming and clean energy legislation. In a policy statement, Chamber President and CEO Phil Bussey said, “The Greater Seattle Chamber is one of the most environmentally progressive business organizations on the West Coast”:

In short, we are the “captains of our own destiny” and our positions are not dictated by the U.S. Chamber on this or any other matter.

“The incident,” the Puget Sound Business Journal writes, “again underscores the fact that the business community, far from being monolithic, is just as politically diverse as the rest of the country.”