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      From a study by his officials: In the report, “The State of Homelessness in America,” even shelters get some of the blame for increasing the number of people who are homeless.The argument: Some people would be able to find their own housing if they were turned away from shelters. “While shelters play an extremely important role […]
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Your Breakfast Read, Saturday Edition

Health Care Pseudo-Reform

Should we (Liberals and Progressives) worry even more than before about the health care legislation? Sure Tom Daschle knows how to navigate the Senate but the noises he has been making about the type of legislation have been unpleasant.
Oval Office Visit Hints at Daschle’s Role

As Obama’s health-care agenda teeters in Congress, the White House listed the private meeting on the president’s public schedule, sending a signal that Obama is still consulting Daschle on his top domestic policy priority. An assiduous student of health policy and an adept creature of the Senate, Daschle was Obama’s first pick to oversee his reforms, but a firestorm over Daschle’s failure to pay about $146,000 in taxes on time prompted the South Dakota Democrat in February to withdraw his nomination to be secretary of health and human services.

The unbearable senselessness of the health care “bipartisan” committee.
New Splits Emerge in Health-Plan Talks

Republicans are pressing to reduce the size of tax credits for families with incomes that are below three times the poverty rate. They would also like to trim back insurance coverage mandates in hopes of lowering premiums that would have to be subsidized.

But the three Democrats believe savings can be found without going to the heart of the bill. “There are not going to be significant changes to coverage,” said one Democratic aide familiar with the talks. “We’re finding other ways to bring down the cost.”

Why aren’t more people up in arms about this? Why was the Senate HC bill taken out of the committees where such bills are usually handled? Why did the Democrats relinquished the majority they won at the polls. This is not a 50/50 Senate. Who made that decision?
Why the Gang of Six is Deciding Health Care for Three Hundred Million of Us

We have a Democratic president in the White House. Democrats control sixty votes in the Senate, enough to overcome a filibuster. It is possible to pass health care legislation through the Senate with 51 votes (that’s what George W. Bush did with his tax cut plan). Democrats control the House.
It’s not even as if the gang represents America. The three Dems on the gang are from Montana, New Mexico, and North Dakota — states that together account for just over 1 percent of Americans. The three Republicans are from Maine, Wyoming, and Iowa, which together account for 1.6 percent of the American population.

So, I repeat: Why has it come down to these six? Who anointed them? Apparently, the White House. At least that’s what I’m repeatedly being told by sources both on the Hill and in the Administration.

Being a resident of MA, I have always thought our health care model was not as bad as some people make it out to be. The model, with its successes and failures offers a good basis on how the national health care system could be fixed. (Masslib, what say you?)
The Massachusetts model

How does the state’s health plan work?
In an effort to achieve universal coverage, Massachusetts essentially requires every resident to obtain health insurance—either through their employer, a private plan, or, for low-income residents, a subsidized state program.

Has it succeeded?
In one important respect, unquestionably. Massachusetts now enjoys the lowest percentage of uninsured in the nation—2.6 percent, compared with 15 percent nationwide. More than 400,000 residents have health insurance for the first time, either because their companies began offering coverage or subsidies made the premiums affordable.

So it was a slam-dunk?
Hardly. The program has proved a lot more expensive than was anticipated.

What can be learned from Massachusetts?
The Massachusetts experiment shows just how difficult fixing the health-care system may be, for both political and logistical reasons.

Economy Watch

Another one bites the dust…
Guaranty Bank Shut; 10th Largest Failure Ever

Guaranty Bank, a big Texas lender that succumbed to losses on loans to homebuilders and mortgage-tied securities, was shut down by regulators Friday and most of its operations sold to a major Spanish bank.

It was the second-largest U.S. bank failure this year and the 10th-largest in U.S. history, expected to cost the deposit insurance fund an estimated $3 billion. The transaction approved by the Federal Deposit Insurance Corp. marked the first time a foreign bank bought a failed U.S. bank.

Is the global economy really out of its tailspin? At least things are starting to look up.
World Economy Emerging From Worst Recession Since World War II

The global economy may be coming out of the worst recession since World War II as record-low interest rates and trillions of dollars in fiscal stimulus spur demand.

Sales of existing U.S. homes jumped in July to the highest level since August 2007, and German service industries expanded this month for the first time in almost a year, reports yesterday showed. The Japanese economy grew for the first time in five quarters, according to a report earlier this week.

Economy Is ‘Leveling Out,’ Bernanke Says

Federal Reserve Chairman Ben S. Bernanke rendered his most positive assessment of the economy yet in a speech Friday and gave credit in part to his own institution’s handling of the worst economic crisis in decades.

The world economy has stopped shrinking. That’s the end of the good news

Damien Hoffman takes an axe to Nouriel Roubini
Is Nouriel Roubini a False Prophet?

Wall Street has a laundry list of such charlatans. They tend to capture the spotlight during the heat of emotional peaks in the markets because emotion and reason tend to maintain an inverse relationship. During times of crisis we need something, sometimes anything, to reduce our pain and restore order to an uncomfortable new chaos.

During the height of the most recent economic crisis, the media offered the center-stage spotlight to NYU Economics Professor Nouriel Roubini to comfort us with his soma. At the peak of the crash, Roubini was as ubiquitous as Coca-Cola and cellphones. He was the go-to guy because his PR team branded him as “The Prophet of Doom.” A perfect fit when you need someone to call at an overwhelmingly bullish place like Wall Street.

Around The Nation

What are you going to believe? The truth or the bunch of lying thugs that unfortunately ruled this country for 8 years?
George W. Bush vets dismiss Tom Ridge claims

Top officials from the George W. Bush White House are disputing claims in former Homeland Security Secretary Tom Ridge’s coming book that they pressured him to adjust the terror threat level for political gain.

“We went over backwards repeatedly and with great discipline to make sure politics did not influence any national security and homeland security decisions,” former White House chief of staff Andy Card told POLITICO. “The clear instructions were to make sure politics never influenced anything.

Come on Andy Card! You can dispute what Tom Ridge is saying, but don’t insult us.

Convicted US soldier apologises for My Lai massacre

The only US Army officer convicted over the 1968 massacre of Vietnamese civilians at My Lai made an extraordinary public apology while speaking to a small group near the military base where he went on trial.

William Calley, who has long shied away from publicity and routinely turned down journalists’ requests for interviews about My Lai, broke his long silence after accepting a long-time friend’s invitation to speak at a meeting of a local community club.

Are we ever going to get to the bottom of this?
Report reveals CIA methods

As the Justice Department considers whether to investigate alleged harsh interrogation practices sanctioned by the Bush administration, sources say a soon-to-be-released report by the CIA’s inspector general reveals that agency interrogators conducted mock executions of terror suspects.

I hope Rupert Murdoch lands on his nose with this one.
Paid Content: The Days of the Internet Free Lunch Are Numbered

Media billionaire Rupert Murdoch wants to start charging online readers of his newspapers a fee. His decision has launched a fierce debate over the future of the culture of free content on the Internet. It has also posed a difficult question for publishers: How much are we worth to readers?

Op-ed Columns

The prosaic professor (h/t TC commenter laurie)

When Mr Obama came to office, most Washington insiders believed he would make up for his lack of governmental experience by continuing to be the best political salesman of his generation, as he had on the campaign trail. But as president, his ability to sell his most important policies – particularly on healthcare reform, the centrepiece of his domestic agenda – has proved much weaker than expected.

Instead of electrifying the country with the case for reforming America’s expensive and highly exclusionary healthcare system, he has too often appeared to be reacting to other people’s characterisation of his plans, however misleading those might be. As a result, Mr Obama is going through something of a nightmare August.

Hitler Is a Conversation Stopper

Midway through the month’s town hall meetings on health care, it seems the shark has jumped the shark — and even Hitler must be sick of himself.
The terrible tyrant can’t get a rest these days. For eight years, he was George W. Bush. Now he’s Barack H. Obama. We just can’t quit the monster with the fur lip.

Masters and Slaves of Deception

President Obama made a huge mistake in pursuing health care reform. He tried to be hands-off when he needed to be knee-deep.

Boy I hate to concede a point to Chuck Krauthammer
The Truth About Death Counseling

Let’s see if we can have a reasoned discussion about end-of-life counseling.
We might start by asking Sarah Palin to leave the room. I’ve got nothing against her. She’s a remarkable political talent. But there are no “death panels” in the Democratic health-care bills, and to say that there are is to debase the debate.

We also have to tell the defenders of the notorious Section 1233 of H.R. 3200 that it is not quite as benign as they pretend. To offer government reimbursement to any doctor who gives end-of-life counseling — whether or not the patient asked for it — is to create an incentive for such a chat

A Public Option That Works

TWO burning questions are at the center of America’s health care debate. First, should employers be required to pay for their employees’ health insurance? And second, should there be a “public option” that competes with private insurance?

Answers might be found in San Francisco

If Switzerland Can …

The deal struck between the United States and Switzerland last week to provide the names attached to 4,450 secret accounts held by Americans at the Swiss banking giant UBS is a blow for fairness. If Switzerland lives up to its commitment, it may well be a watershed: the beginning of the end of international tax cheating.

Around The World

This is just provocation, but that should be expected: We are dealing here with a certifiable nutball.
Ahmadinejad Nominee Is Wanted in ’94 Bombing

The man nominated to serve as Iran’s defense minister is wanted by Interpol in connection with the 1994 bombing of a Jewish cultural center in Buenos Aires (…)

President Mahmoud Ahmadinejad nominated Ahmad Vahidi on Wednesday to serve as defense minister when he submitted his list of 21 nominees to Parliament. Mr. Vahidi was the head of the secret Quds Force, an arm of the Revolutionary Guards that carries out operations overseas.

He was one of five Iranian officials sought by Interpol on Argentine charges of “conceiving, planning, financing and executing” the 1994 attack, which killed 85 people and wounded hundreds, said a statement issued by the Anti-Defamation League condemning the nomination.

This is truly outrageous and the Scottish government ought to bury itself into a never ending shame.
US fury grows over release of Lockerbie bomber

The White House last night vented its fury over the release of the convicted Lockerbie bomber when it described the triumphalist scenes greeting his homecoming at Tripoli airport as “outrageous and disgusting”.

Oh noes! Not again.
Karzai, Abdullah both claim victory in Afghan election

The top two candidates in Afghanistan’s presidential race both claimed to be on their way to victory after Thursday’s vote.

Meanwhile, the Electoral Complaints Commission (ECC) has received roughly 150 official allegations of election fraud and expects a significantly larger number to arrive in the coming days. With preliminary vote-count results days away, each camp is working to influence public perceptions and gather legal ammunition for appealing a possible loss.

If you french kissed a woman who had consumed cocaine, could be accused of taking drugs? Apparently this is what happened to a French world class tennis player who got subsequently banned.
Richard Gasquet’s cocaine-kiss claims supported by forensic tests

They met in a Miami restaurant — he a handsome tennis player, she a pretty waitress — and spent the evening smooching at a nightclub.

Little did they know that the kisses they exchanged would spark a controversy that has gripped France all summer amid lawsuits and wrangles before international doping tribunals

What Do You Know

Are you up to speed with what’s going on in the news? There’s a panoply of information source but how much do you really know? Test yourself and tell us how you did. Don’t cheat because I’m watching you.
The Smart Quiz

In the digital age, the flood of information can often be so overwhelming that even hardcore news junkies may be surprised by what they missed. If you master this extra-hard current events quiz, then you officially know your news.

One More Thing

Best newspaper correction ever.
For the record (via tvnewser)

TV listings: The Prime-Time TV grid in Thursday’s Calendar section mistakenly listed MTV’s “Jackass” show on the MSNBC cable schedule at 7 and 10 p.m. where instead MSNBC’s “Countdown With Keith Olbermann” should have been listed.

Have a terrific weekend!!!

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83 Responses

  1. Obama is showing that he is giving up power and also the ‘voter’s’ power by allowing the mini LORDS of The Gang of SIX to control Health Care Reform. When will the voters, be respected? Why are these SIX being allowed to have so much power?

    Obama Fail
    Gang of Six Fail

    Voters BETRAYED!

    • Because Obama GAVE them the power!
      He leads the public to believe he’s for the Public Option – WHILE the “gang of 6” are writing health care legislation with Insurance lobbyists.

      • (((shacking head))) He wanted to be POTUS to hand over the POWER? AH, it is no wonder the newspapers were saying he was ‘BOWING to Republicans’…oh, my head can’t take this anymore. And the ‘We Weed Up’ thing was awful…

        • We weed reached the Financial Times, too:
          The Prosaic Professor

          It was not exactly Kennedyesque. But at an online forum on Thursday, Barack Obama encapsulated the deteriorating political climate in which he finds himself. “There’s something about August going into September where everybody in Washington gets all wee-wee’d up,” said America’s orator-in-chief. “I don’t know what it is. But that’s what happens.”

          When Mr Obama came to office, most Washington insiders believed he would make up for his lack of governmental experience by continuing to be the best political salesman of his generation, as he had on the campaign trail. But as president, his ability to sell his most important policies – particularly on healthcare reform, the centrepiece of his domestic agenda – has proved much weaker than expected.

      • I heard Olympia Snowe tell Andrea Mitchell on MSNBC yesterday that in the Senate committee, the public option was never a consideration, from the gitgo, and that the “co-ops” were always what they were discussing instead.

        Obama had to know that, given the many meetings with that committe he had in the WH.

        The only people who were not included in that “secret knowledge” were Obama’s own supporters.

  2. This is really getting psychosomatic.

    Each time I compile articles about the health care debate, I get headaches and back pain.

    • It is to be expected, here we have the POTUS (Obama), control of the Senate (sixty votes for heavens sake) and control of congress and he is bending over handing them everything as if it was in reverse?

      What gang of six was there to go to WAR in Iraq? NONE! I told my congressperson he should have run as a Republican, because he sure is acting as if he was the Republican president giving and giving and giving…ah, I am feeling ill too. 😦

    • See you and raise you. Every time I read articles like these, I get a headache and backpain, and my brain hurts.

  3. The six deadly hypocrites

    If the Gang of Six really does kill reform, remember their names; they will bear the responsibility for vast, unnecessary suffering over the years to come. -Krugman

    • Krugman misleads you. He’s on the koolaid team now.

      The BIGGEST hypocrite is Barak Obama, who sat on the budget report for the last month and a half, KNOWING that not only had he not cut the deficit in half, but he ADDED $2 trillion to it, as the CBO had predicted. He sat on that budget report, not allowing it to be released until late Friday, while pushing other expensive programs with a smile.

      Krugman knew that.

      The nation’s 10 year budget revision shows $9 trillion added to the deficit, not the $7 trillion Obama’s budget boys predicted.

      As much as I may want to see issues like healthcare and environment, the nation’s economic health, right now (ie, no jobs) is the priority, sad as it is to say.

      Krugman could have said “It’s the economy, stupid,” but he didn’t. He should have.

  4. MAblue2,

    Did you see that Obama is on BlogTalkRadio? Ayup, he is, but it doesn’t matter since he has given the power to the Gang of Six.

  5. Hatch Talks Healthcare on FOX with Greta Van Susteren

    • How are you going to believe, Krugman or Hatch?

      • I don’t believe nor trust any of them. They need to scrap this legislation and start over.

        • When did that EVER happened?

          HC Reform was killed in 1993 and started over in 2009.

          Be careful what you wish for.

          • this is not 1993. Health care costs and services have gone up and down the tubes respectively. It will not be another decade, just a matter of a few years. But if we do bad reform now we will not get real reform for another 30.

          • You think if this whole thing goes spectacularly down in flames, ANY administration would get anywhere near that issue any time soon?

          • Businesses will push for it.

          • Health insurance companies are businesses too.

  6. And in the meanwhile, B0bots blame all Obama’s failures on…Rahm Emmanuel – they even came up with a name for this

    • Good Lord. They’re so stupid.

      Chiefs of Staff operate on behalf of the presidents they serve, and do not freelance on their own.

      Rahm is part of the problem, sure, but he’s just following orders.

      Obots are delusional, even now.

      • Exactly. Everytime I see Jane Hamsher come down hard on Rahm, I wish someone would say to her, “Jane, the individual whose office is located closest to Obama’s in the WH is David Axelrod’s. Get a clue. This is just Bush/Rove all over again.”

  7. Wow WEE, Rupert Murdoch wants to charge $257 dollars a year for subscription to his on-line papers. OUCH! Oh, well…no can look no more I guess?!?

    • wow wee? don’t you mean wee weed???

      • Has anyone finally found out what wee weed really means?

        Is it “a little bit marijuana?”

        • I posted the “explanation” by Gibbs yesterday. He claims it’s a phrase he uses, and said it diplomatically refers to bedwetting, but wouldn’t elaborate in a “family friendly” environment. Pissing all over themselves, I guess.

        • Robert Gibbs is claiming ownership of the phrase. He says it means bedwetting.


      • WOW WEE has always been kids trying to say it was super shocking. Or a little unsettling while you push them on the swings higher, and higher. No mojo, no bed wetting…

  8. Poor Obama. People have wee weed on his mojo.

    • Without Favreau his eloquence dwindles.

      • are you implying that Favreau is eloquent??? (shudders at thought)

      • Lol! Didn’t see your comment before I posted my own. But we seem to agree. 🙂

        Although indigogrrl has a point, heh!

      • Ya mean without TOTUS, right? And I remember a “betwetting phase” during the campaign too – someone does have a fixation

    • Lol! 🙂

      And then later, in the evening news, I watched a “presidential”(!) Obama saying about the Afghanistan people at the polls:

      ”I was struck by their courage in the face of intimidation and their dignity in the face of disorder.”

      Heh, come on! Who really believes that these words are formed by the same man who unscripted, talks about “wee wee’d up”, “Obama’s mojo”, and calls his audience “you guys”? 🙄

  9. I didn’t believe the lying GOP thugs then and I sure don’t believe the lying DNC thugs now.

  10. Bernanke makes me ill. The economy is not going to recover so long as the accounting fraud continues unchecked, and this administration has done zero, zip, nada to stop it. Every bank that has closed has been 10 to 40% completely underwater, once the assets were correctly valued. That is NOT supposed to be even possible, as the regulations REQUIRE the govt to step in long before that point. Our financial institutions are STILL engaged in practices that would make Enron or Madoff blush. The only reason the house of cards is still standing is because they got and continue to get a major infusion of taxpayer money. Sure, you can prop up a Ponzi scheme and drive it to new “profits” if you have a new sucker to invest, but it WILL eventually end.

    No effort whatsoever has been made to curb any of the practices that got us here. NONE. Don’t make me laugh with talk of “new regulations”. You won’t even enforce the ones you HAVE! Hiring more cops does NOTHING to stop mob crime, if the entire police dept is still on the take. It’s a “tough on crime” show for the voters, while the looting continues.

    • I really has absolutely no grasp of economics whatsoever – and I don’t know Chris Hedges either. But after watching the video with John Pilger yesterday, where he mentioned CH, I “looked him up” and found this – it’s from 2 weeks into Obama’s presidency:

      I find it interesting, but don’t know if he is someone people listen to?
      Or if Pilger is either? Maybe they are too straight forward? Or too unPC?

      • Dunno anything about Hedges. I do know that govt deficit stimulus spending is supposed to be a short-term “jump start”, not an ongoing plan. It is okay and even smart to do, but the whole point is to put in some needed cash so that PRIVATE business gets “over the cash-strapped hump” and starts humming again.

        That is simply not happening in any significant way. The trillions we’ve been pouring into the financial system is not trickling down to the real economy of jobs and business and production – it is disappearing into the black hole of the banks cooked balance sheets.

        Until the govt can safely begin to withdraw that life support, until it is able to significantly END the “backstopping” and guaranteeing of bank losses, we are nowhere near a true recovery. Until the credit markets are functioning normally on their own, with PRIVATE business and consumers able to buy and sell and loan and borrow and expand, it’s ALL kabuki. And that is NOT happening. They can pump the stock market higher til the cows come home, but that does not a functioning economy make.

      • I went over to this link listen to Hedges….he says some interesting things, but he seems to think Obama is some free agent who needs to do this or that in order to change the direction we are going….when in my mind, Obama is there to ensure we keep on the disastrous direction we are going.

        Whenever someone says Obama needs to do this or that…or in ANYWAY buck the system that installed him, I’m wondering : What they are smoking? Do they even see Obama? Who are they talking about?

        • And when has he EVER done that?

          • Exactly. He’s there because they know he cannot turn on his handlers. He has no inclination or would even know how to go about it . One inch off the leash and Obama compares his bad bowling to Special Olympics and says stuff like wee wee’d whatever .

            Basiclly he just wants to eat his waffle in peace as his people, Nancy or the gang of six, ” handle” things . If he has to be ” bothered” to do something , then in his mind they are failing in their job. imo

          • He has NO experience in forming or implementing policy. His only administrative experience was in wasting millions of dollars in a failed (Ayers backed) educational project in Chicago.

            What did they expect?

      • Hedges was a Pulitzer Prize-winning reporter for many years, for a number of mainstream media, including the Christian Science Monitor and a long stint at the NY Times, and has also written some books. He is very well-respected in his field. He is also a Socialist and a very religious man (he went to Divinity school). As one of the earliest critics of the Iraq War he spoke out a great deal around the country against the Bush Administration.

    • “House of cards” and ” Ponzi ” are the correct words to use. It’s simply all that now ….House of cards and Ponzi schemes are like drugs. For years Increasingly our financial world has been addicted to these drugs and at this point it wouldn’t know how to” function” without them….when the infusions stop, I don’t know what will happen . But they will have to at some point

    • New signs raise hopes for recovery

      Reporting from Washington – The strongest monthly home sales increase in a decade and an encouraging economic assessment from Federal Reserve Chairman Ben S. Bernanke have provided new support for the hope that recovery from the worst recession in decades may be at hand.


      Still singin’ the recovery song. Then, in the body of the article, there are numerous indicators that point to a very slow, stagnant “recovery,” as Daki has been saying all along. Bernake is auditioning to keep his job.

      • Notice the wording. It’s all carefully phrased propaganda. There is some “support” for the “hope” that recovery “may be at hand”.

        They’ve been seeing “green shoots” for months now. Funny how those “shoots” are still 3 inches high, same as they were 3 months ago. Aren’t shoots supposed to start growing into an actual plant at some point?

        Alert me when there’s some damn tomatoes on the vine, or some blossoms on the actual zucchini. Until then, you are scrutinizing pokeweed and postulating that it might, maybe, possibly be an indication of a bumper crop of squash.

    • Didn’t Sheila Bair get into a battle with Geithner over at what point the FDIC needs to intervene with struggling banks (because she wants to follow the guidelines and go in earlier, rather than too late) and they told her not to in order to cover for the systemic weakness?

      • Yup. She tried, and got slapped down hard by Turbo Timmeh. The pigmen do NOT want the Big Bezzle exposed.

      • And BTW, “systemic weakness” is a nice way of whitewashing what is, in reality, systemic ACCOUNTING FRAUD.

        • I remember they didn’t want us to know where the TARP money was going because there would be a run on that institution.
          Business cronies before the people. A replacement slogan for Obama’s “We are the ones we’ve been waiting for”.

  11. For eight years, he was George W. Bush. Now he’s Barack H. Obama. We just can’t quit the monster with the fur lip.

    Did anyone forget Hitlery 2008?


  12. Take a dollar bill, put it in a blender and turn it on. Suddenly it looks like a lot of money as long as the blender is running. Now start lending that money out and sell the paper. It will work until the people redeem the paper to pay for a spike in fuel prices.
    There is something basicly wrong with a financial system that the indicators can drop 100 points if somebody farts the wrong way. Day traders shouldn’t even exist.

    • MrMike, there is a breathtaking amount of market manipulation going on by the big traders. They are still GAMBLING, not INVESTING. The fundamentals are NOT there, at all. They are still playing “hot potato”, scrarmbling to make money on both the way up and the way down, playing the game of “don’t be the last sucker holding”.

      The “last sucker holding” will be your and my pensions and 401k’s, as usual. The latest market highs are not a sustainable “recovery” by any stretch of the imagination – it’s just the latest round of sucker in the little guy with soaring stocks, then bail and leave him with the losses. The big boyz are setting up to loot and wipe out everyone’s retirement again (what’s left of it.) Watch and see.

      • If the Democrats were really the party of the average joe they would have insisted that the bailout cash be accompanied with real reform.
        It’s funny, the socailist Obama of the right’s fever dreams doesn’t exist but neither does the Obama of the Hope&Change bots.
        We desperately need an LBJ type of president, some one who knows how to twist arms of reluctant Dems and stomp the sh*t out of obstructionist republicans.
        We got the American Idle president instead. How’s that working out for you, you O-bot lurkers.

        • They pulled the old bait-and-switch on the financial bailouts.

          “ZOMG, we don’t have TIME to craft a bill that actually solves the systemic problems and goes after the perpetrators of fraud, cause it’s an EMERGENCY! But if you’ll just give us broad permission to do whatever the hell we want with trillions of your money, we will go back later and do our jobs and institute reforms and hold them accountable. We pinky promise we will, honest, okay?”

          NEVER believe them when they are trying to rush through some crappy bill, with promises to go back and fix any problems or abuses with it “later”. It’s a scam, every fucking time.

  13. This seems to be the next wave–I’ve been reading about this for awhile:

    Second Wave Of The Credit Crisis: Collapsing Commercial Real Estate

    The recent uptick in home sales, green shoots of new housing starts and rebounding stock market may suggest that the long-awaited turn in the U.S. economy is here.

    But is this daylight at the end of the tunnel or the beam of an oncoming locomotive of commercial real estate insolvency coming down the tracks on a collision course with a shaky economy?

    Real Capital Analytics reports that over $2 trillion in commercial properties bought or refinanced in the past five years are upside down on their loans — having fallen below the finance or purchase price.

    It appears owners have lost their entire down payments on $1.3 trillion worth of property. In the first six months of this year, commercial properties in default, foreclosure or bankruptcy doubled. That pace may accelerate because commercial usually lags residential by a year.

    The economic impact of the impending commercial real estate meltdown is staggering, with massive defaults and losses in the hundreds of billions of dollars for lenders and property owners.


    • Years ago there was an excess of commercial property in Lancaster county and they kept building. You can do foolish things when credit flows like water.
      Mitsubishi Motors learned the hard way when they had to cut production in half after selling cars to anybody thay had two quarters to rub together in their pocket.
      This was way before any of this mess was on the radar.

  14. Why should the Scottish govt bury it’s head in shame over the behavior of Libyans? The story isn’t about the prisoner’s release-it’s about his reception in Libya. Do you mean that the compassionate release was shameful? If so, I don’t agree that compassion can ever be shameful, whether ones thinks compassion is justified or not.

  15. the point isn’t “having insurance”, it’s providing health care. When over 75% of the people filing bankruptcy due to medical reasons “have insurance”, it makes it pretty darn clear that “having insurance” isn’t enough. I’m not for a Massachussets like giveaway to the industry.

    • Germany delivers good health care for all through a network of private insurers, a tightly regulated network. Like car insurance here your coverage depends on what you want or can afford to pay with the government providing assistance to those who can’t.
      The German attitude is every body has a right to a decent level of health care.

  16. hmmm mabey its just an upgrade of the race card

  17. http://hotair.com/archives/2009/08/22/video-marine-goes-nuclear-on-democrat-over-obamacare/

    I think this man speaks for most Americans

    congress do you job



  18. RE: abortion in HC legislation. FactCheck actually says the “wording” in the house legislation indicates in does include it; however, that is not the case in one of the senate versions.

    That’s the problem, we are not clear on what’s in this thing.

    I am not willing to support turning the HC system upside down for a big ????.

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