• Tips gratefully accepted here. Thanks!:

  • Recent Comments

    r u reddy on Lions, George Bush and Li…
    Monster from the Id on How religious narcissism …
    Sweet Sue on How religious narcissism …
    Monster from the Id on Lions, George Bush and Li…
    Sweet Sue on Lions, George Bush and Li…
    riverdaughter on Lions, George Bush and Li…
    Monster from the Id on Lions, George Bush and Li…
    riverdaughter on Lions, George Bush and Li…
    Monster from the Id on Lions, George Bush and Li…
    Monster from the Id on Lions, George Bush and Li…
    riverdaughter on Lions, George Bush and Li…
    bellecat on Lions, George Bush and Li…
    riverdaughter on Lions, George Bush and Li…
    Monster from the Id on Lions, George Bush and Li…
    churl on Lions, George Bush and Li…
  • Categories


  • Tags

    abortion Add new tag Afghanistan Al Franken Anglachel Atrios bankers Barack Obama big pharma Bill Clinton Chris Christie cocktails Conflucians Say Dailykos debate Democratic Party Democrats Digby DNC Donna Brazile Economy Elizabeth Warren feminism Florida Fox News General Glenn Beck Glenn Greenwald Goldman Sachs health care Health Care Reform Hillary Clinton Howard Dean Joe Biden John Edwards John McCain Jon Corzine Karl Rove Keith Olbermann Matt Taibbi Media medicare Michelle Obama Michigan misogyny Mitt Romney Morning Edition Morning News Links Nancy Pelosi New Jersey news NO WE WON'T Obama Obamacare occupy wall street OccupyWallStreet Open thread Paul Krugman Politics Presidential Election 2008 PUMA racism Republicans Sarah Palin sexism Single Payer snark Social Security Supreme Court Terry Gross Tim Geithner unemployment Wall Street WikiLeaks women
  • Archives

  • History

    July 2014
    S M T W T F S
    « Jun    
     12345
    6789101112
    13141516171819
    20212223242526
    2728293031  
  • RSS Paul Krugman: Conscience of a Liberal

  • The Confluence

    The Confluence

  • RSS Suburban Guerrilla

    • NOAA: Alaska fisheries and communities at risk from ocean acidification…
      The NOAA has released a study on the acidification of the oceans and the impacts it will have on Alaska’s coast. The predictions are very grim… What is ocean acidification? When carbon dioxide dissolves in this ocean, carbonic acid is formed. This leads to higher acidity, mainly near the surface, which has been proven to […]
  • RSS Ian Welsh

    • The Beginning of an End of the Trans-Atlantic Alliance
      Ian described the proposed EU sanctions on Russia as “not shabby”, but while they are somewhat more serious sanctions than heretofore it’s only somewhat. The most serious ones are the ones on Russia’s financial institutions. Yes it’ll raise costs but will hurt London and Frankfurt including reputationally. It will also have the effect of encouraging [...] […]
  • Top Posts

Beat me! Beat me! Make me write bad checks!

Brian Fischer asks why Republicans allow themselves to be branded as stupid:

Why indeed.

Let me think.  No, no, don’t tell me.  Could it be because of something like *this*?:

Senate Republicans on Friday pledged to block President Barack Obama’s choice to lead the consumer finance watchdog until Democrats agree to restructure it, ramping up an expected fight this year over the controversial new bureau.

The group of 43 Republicans, led by minority leader Mitch McConnell of Kentucky and Mike Crapo, an Idaho senator who is the top Republican on the banking committee, said the Consumer Financial Protection Bureau lacks congressional oversight.

Yes, the Republicans are threatening to filibuster the Consumer Financial Protection Bureau nominee until the Democrats agree to weaken the agency’s powers.  And what is the CFPB, in case you haven’t been paying attention since, oh, 2008, and the whole reason why Elizabeth Warren ran for the Senate?  The agency is a watchdog for all those vexing problems that get average consumers into trouble.  Like credit card rates and mortgage rates and financial industry “products” that are sold to the little people who don’t know that the financiers have rigged the game.  The CFPB is supposed to be on the side of the average consumer, protecting your right to not be exploited.  What’s not to love?

“As presently organized, the CFPB is insulated from congressional oversight of its actions and its budget,” the Republicans said. “Far too much power is vested in the sole CFPB director without any meaningful checks and balances.”

The consumer bureau, which was created by the 2010 Dodd-Frank financial oversight law to oversee mortgage lending and other sectors that played a role in the 2007-2009 financial crisis, was controversial before it even opened its doors.

Republicans and business groups have criticized the bureau’s broad authority over a wide range of financial products, and they want it to be funded by congressional appropriations rather than through the Federal Reserve.

Oh, dear, it seems that Senator Warren knew what she was doing when she put this agency together and now, it appears to have a bit more bite in it than our financial industry overlords like.    Apparently, the finance version of the FDA, checking things out for us and sticking warning labels on dangerous products, means a little too much transparency for the finance flim-flam guys.  Therefore, it must be defanged.

Of course, the Fox News cohort will swing into action and tell the fanbase that this is just another intrusion of government into their lives and if you want to take risks with your money and lose every penny of it, by golly, that’s your right  living in god fearing America where at least you know you’re free.  If the financial industry so-called “jahb creators” are to continue to be successful, they have to be able to take advantage of people.  That’s how you get the big bucks.  And anyway, if this government agency does its job right, all the other agencies might feel inspired to do good stuff too and we can’t have that.  I mean, it’s bad enough that the Social Security administration is so efficient with such low overhead.  It’s obscene, I tell you.  Speaking of obscene, gay people who aren’t married have sex using various and sundry orifices.  And women are having consensual sex!  Consensually!  Let’s obsess on that for awhile, shall we?

If you are a Republican and you aren’t super rich, you’re as dumb as a doorknob.  I see some of you out there saying, “I’m not a registered Republican.  I’m a registered Democrat. It’s none of your business who I vote for”.  That’s worse than being a conservative Republican because you *know* that there’s something unsavory and stupid about being a conservative Republican and you don’t want the label but you feel entitled to vote stupid. So, not only are you voting stupid, you’re a coward.  I’d feel much more respect for people who at least owned their stupidity instead of hiding behind their false party affiliation. Sorry, that’s just the way it is.  Why anyone would want to take pride in today’s definition of the word “conservative” is beyond me.  It just screams stupidity to the rest of us.

Saturday Morning News and Views

Good Morning Conflucians!!!! It is 3 degrees here in the Boston western suburbs!!

Nevertheless, we are better off than you guys in the southern states where there is a winter storm going on. Yesterday, Texas and Oklahoma got about a foot of snow, and today the storm will move east into the Carolinas and Virgina and then out to sea.

California Conflucians are getting a break from the storms, but the state still needs more to end the long-term drought.

Our economics-challenged President is threatening to veto spending bills (except money for wars, banks, and insurance companies), because he thinks cutting the deficit is as important as creating jobs. I wonder when he’s going to figure out that the U.S. economy is dependent on consumer spending; and if people don’t have jobs, it’s kind of hard for them to buy things. Since he never held a full-time job before getting elected President and all his friends are rich corporate types, he doesn’t quite get what us ordinary people are so worried about.

“Like any cash-strapped family, we will work within a budget to invest in what we need and sacrifice what we don’t,” Obama said. “And if I have to enforce this discipline by veto, I will.”

In an effort to make a dent in the growing federal deficit, White House officials announced earlier this week that their budget proposal would keep non-military discretionary programs at fiscal 2010 levels (Greenwire, Jan. 26). The proposal would exempt some of the largest parts of the federal budget including defense and entitlement programs, such as Social Security and Medicare.

It will be up to Congress to decide whether to comply with this request in its spending bills, and Obama pled with them last night to toe the line — addressing critics from his own party and calling the effort vital to keep markets in line and avoid increases in the cost of borrowing.

I guess Obama thinks he can solve our economic problems by creating jobs in the military and defense industries. Maybe he is hoping a lot of us will go to work for Blackwater? I don’t know what he’s thinking, but I like Joseph Cannon’s idea of replacing Geithner with our own Dakinikat.

Eric Holder has been taking a lot of criticism from the right for locating the 9/11 conspiracy trial in New York City, and now he will be getting critiques from not non-Obots on the left. The Justice department review has cleared the Bush torture memo writers of professional misconduct.

Previously, the report concluded that two key authors—Jay Bybee, now a federal appellate court judge, and John Yoo, now a law professor—violated their professional obligations as lawyers when they crafted a crucial 2002 memo approving the use of harsh tactics, say two Justice sources who asked for anonymity discussing an internal matter. But the reviewer, career veteran David Margolis, downgraded that assessment to say they showed “poor judgment,” say the sources. (Under department rules, poor judgment does not constitute professional misconduct.)

By this time everyone should be aware that the Obama administration is not going to hold anyone accountable for planning or participating in torture. Continue reading

Follow

Get every new post delivered to your Inbox.

Join 433 other followers