| "Only dull people are brilliant at breakfast" -Oscar Wilde |
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"The liberal soul shall be made fat, and he that watereth, shall be watered also himself." -- Proverbs 11:25 |
At the insistence of the McCain campaign, the Oct. 2 debate between the Republican nominee for vice president, Gov. Sarah Palin, and her Democratic rival, Senator Joseph R. Biden Jr., will have shorter question-and-answer segments than those for the presidential nominees, the advisers said. There will also be much less opportunity for free-wheeling, direct exchanges between the running mates.
McCain advisers said they had been concerned that a loose format could leave Ms. Palin, a relatively inexperienced debater, at a disadvantage and largely on the defensive.
Labels: double standards, hypocrisy, John McCain, Republicans, Sarah Palin
So: why are we willing to fund an enormous RTC-like agency to bail out bankers, but not an enormous RTC-like institution to bail out ordinary people? Lack of lobbyists? Republican ideology? A desire to punish irresponsibility regardless of the disastrous sytemic consequences? Or what?
Labels: bloggers, economic death watch
As election day comes ever nearer, Democrats and open-government advocates are pressing for the GOP vice presidential candidate to release her tax filings, a campaign tradition that extends at least to the post-Watergate era.
Instead, Palin has to date declined to share the documents, becoming part of an ever-more-select historical group of candidates who waited until this late in a campaign year to release their tax filings.
[snip]
A spokesman for Palin Thursday reiterated the campaign's stance on the matter. "We plan to release Governor Palin's tax returns well before the election," said Taylor Griffin.
Labels: IOKIYAR, Sarah Palin
Opening up the health insurance industry to more vigorous nationwide competition, as we have done over the last decade in banking, would provide more choices of innovative products less burdened by the worst excesses of state-based regulation.
Labels: health care, John McCain, You can't make this shit up
Labels: economic death watch
Examination of Sarah Palin's fitness to run the U.S. government - the only proper test for a vice presidential nominee - is compromised by her continuing negotiation with John McCain about which interviewers are safe for her to talk with, and what she may say to them.
This is no surprise, given Palin's extremist views. While Palin's ascension may delight the fundamentalist right, Republican political operatives seeking to retain power fear the electorate will turn against Palin's sunny brand of extremism if the implications of her views become known. That would sink McCain's bid for the White House, since he selected her.
So the Republican ticket concentrates on myth-building regarding Palin's purported confrontation with the "old boys network" while she served first as a small-town mayor and, recently, as Alaska governor. They couple that effort with staccato distortions of Barack Obama's positions and statements. That "blizzard of lies," as New York Times columnist Paul Krugman recently noted, foretells the kind of administration McCain and Palin would form, one whose use of dishonesty as a tool to manipulate public opinion would rival that of the Bush White House.
Labels: John McCain, Sarah Palin
"I will meet with any leader who has the same principles and philosophy as us in terms of human rights, democracy, and freedom and I will stand up to those who do not."
Labels: arrogance, Sarah Palin
A new pitch for John McCain's presidential campaign aimed at older Democratic voters is causing complaints by Democrats and concern by elections officials.
The piece, paid for by the Republican National Committee and authorized by McCain, tells voters it is seeking to double-check their "unconfirmed" party affiliations while asking for money. A letter signed by McCain tells the Democrats: "We have you registered as a Republican."
"I was a little bit shocked and a little bit surprised," said recipient Bill Smith, 81, of Tampa, who calls himself a lifelong Democrat and has been registered at his current address since 2000. The retired plant engineer is one of about a dozen senior citizens that Democratic Party leaders identified as recipients, all of them longtime Democrats.
The RNC declined to discuss the mailer, which Democrats said has landed in five counties: Duval, Hillsborough, Collier, Miami-Dade and Escambia.
[snip]
Some Democrats suspect a motive beyond raising money. The first-class GOP mailing has a "Do not forward" instruction on the envelope, meaning they will be returned to the GOP if a recipient has had mail forwarded, perhaps to a summer address, or has moved.
Letters returned as undeliverable can be compiled into "challenge lists" of unverifiable addresses and can be used to challenge voters' eligibility during early voting or on Election Day. The vote suppression technique is known as "vote caging."
"That postcard is a little disconcerting," said letter-recipient Steve Hemping of Naples, chairman of the Collier County Democratic Party and a state party official. "You don't know if they're going to use it to challenge somebody's right to vote."
If anybody’s looking for a worthy cause to donate to, $31.37 will pay for an hour of hotline time. And if anyone knows any lawyers, paralegals or law students, they need volunteers as well.
"I didn't decide to run for president to start a national crusade for the political reforms I believed in or to run a campaign as if it were some grand act of patriotism. In truth, I wanted to be president because it had become my ambition to be president. . . . In truth, I'd had the ambition for a long time."
Labels: 2008 election, John McCain, vote suppression
The paradox is that this this whole mess was created by a bunch of zealot fanatics who believed in the laissez faire ideology of free markets unbound by propers rules, regulation and supervision. As I wrote after the nationalization of Fannie and Freddie:
This biggest bailout and nationalization in human history [Fannie and Freddie] comes from the most fanatically and ideologically zealot free-market laissez-faire administration in US history. These are the folks who for years spewed the rhetoric of free markets and cutting down government intervention in economic affairs. But they were so fanatically ideological about free markets that they did not realize that financial and other markets without proper rules, supervision and regulation are like a jungle where greed – untempered by fear of loss or of punishment – leads to credit bubbles and asset bubbles and manias and eventual bust and panics.
[snip]
Like scores of evangelists and hypocrites and moralists who spew and praise family values and pretend to be holier than thou and are then regularly caught cheating or cross dressing or found to be perverts these Bush hypocrites who spewed for years the glory of unfettered wild west laissez faire jungle capitalism (and never believed in any sensible and appropriate regulation and supervision of financial markets) allowed the biggest debt bubble ever to fester without any control, have caused the biggest financial crisis since the Great Depression and are now forced to perform the biggest government intervention and nationalizations in the recent history of humanity, all for the benefit of the rich and the well connected. So Comrades Bush and Paulson and Bernanke will rightly pass to the history books as a troika of Bolsheviks who turned the USA into the USSRA. Fanatic zealots of any religion are always pests that cause havoc and destruction with their inflexible fanaticism; but they usually don’t run the biggest economy in the world. But these laissez faire voodoo-economics zealots in charge of the USA have now caused the biggest financial crisis since the Great Depression and the nastiest economic crisis in decades. So let them be shamed in public for their hypocrisy and zealotry that has caused so much financial and economic damage.
Labels: economic death watch
Labels: Rachel Maddow
Per a post on Josh Marshall's site, I just listened to an interview John McCain did with a Spanish journalist recently. The interview is in English, but there's a Spanish translator translating the tape into Spanish at the same time. So the English part is difficult to hear. I am however fluent in Spanish, and what Josh reports is exactly what the Spanish version shows.
Namely, that John McCain didn't appear to know that Spain was in Europe, or that the leader of Spain was named Zapatero, even after he was told that Zapatero was the leader of Spain.
When asked about Spain and Zapatero, by a Spanish reporter for a Spanish newspaper, McCain responded about Mexico and Latin America. A reader suggested something that Josh had already considered, that perhaps McCain thought the reporter was talking about the Zapatistas in Mexico, the guerilla group. But that's not possible as the reporter clearly said she was talking about Spain and Spain's leader, Zapatero. She told McCain this twice. Let me tell you exactly what she asked McCain (per the translation):"Senator, finally, let's talk about Spain. If you're elected president, would you invite President Zapatero to meet with you in the White House?"McCain then gives this odd answer about America's friends and America's enemies. He also, oddly, talks about Mexico (why Mexico? The question was about Spain) and how he'd invite friendly leaders to the White House. She then asks him again, would that invitation include President Zapatero? He says again that he'd have to review relations first, blah blah. She then says again, "so you'd have to wait to see, so would you meet with him in the White House?" He again repeats his weird statement about friends and enemies. McCain also throws in, oddly, to the Spanish reporter, when she's asking him about meeting the Spanish president, a line about the importance of our relationship with Latin America (this is now the second time he answered a question about meeting the president of Spain with an answer about Latin America). She then says to McCain one last time:"Okay, but I'm talking about Europe - the president of Spain, would you meet with him?"This time, there was no room for confusion. McCain then gives this very bizarre answer:"I will meet with any leader who has the same principles and philosophy as us in terms of human rights, democracy, and freedom and I will stand up to those who do not."What does concern about human rights, democracy and freedom have to do with a prerequisite for meeting the president of Spain? Especially when you told the same paper 5 months ago that you'd be happy to meet with him.
McCain had no idea what was going on in the interview.
Labels: John McCain
The same political faction which today is prancing around in full-throated fits of melodramatic hysteria and Victim mode (their absolute favorite state of being) over the sanctity of Sarah Palin's privacy are the same ones who scoffed with indifference as it was revealed during the Bush era that the FBI systematically abused its Patriot Act powers to gather and store private information on thousands of innocent Americans; that Homeland Security officials illegally infiltrated and monitored peaceful, law-abiding left-wing groups devoted to peace activism, civil liberties and other political agendas disliked by the state; and that the telephone calls of journalists and lawyers have been illegally and repeatedly monitored.
And the same Surveillance State Worshipper leading today's screeching -- Michelle Makin -- spent the last several years deriding those who objected to the President's illegal spying program as "privacy crusaders" and "constitutional absolutists" and "civil liberties absolutists".
Shouldn't these same people be standing up today and insisting that if Sarah Palin has done nothing wrong, then she should have nothing to hide? If Sarah Palin isn't committing crimes or consorting with The Terrorists, then why would she care if we can monitor her emails? And if private companies such as Yahoo can access her emails -- as they can -- then she doesn't really have any "privacy" anyway, so what's the big deal if others read through her communications, too? Isn't that the authoritarian idiocy that has been spewed since The Day That 9/11 Changed Everything -- beginning with the Constitution -- to justify vesting secret and unchecked surveillance powers in our Great and Good Leaders?
Merrill Lynch & Co. chief executive John Thain and two former Goldman Sachs Group Inc. colleagues he recruited may reap almost $200 million for their year running Merrill if they leave or are given lesser roles after Bank of America Corp. buys the brokerage.
Thain, who got a $15 million bonus when hired in December, stands to get an additional $11 million in accelerated stock payouts if he doesn't stay after the deal, compensation consultant Graef Crystal said.
Trading chief Thomas Montag, 51, who joined in August, may get $76 million, including bonus and accelerated awards. Strategy head Peter Kraus, 56, was given $95 million, including bonus and stock awards, to replace a Goldman package he had to forfeit, people familiar with the matter said.
Washington Mutual (NYSE: WM), the nation's largest thrift institution, announced a new compensation plan Wednesday that would protect its top executives' annual bonuses. Specifically, performance targets used to evaluate executives' performance will be calculated without factoring in some of the damage mortgage losses and foreclosures have caused.
Remember all the fuss surrounding the mortgage market in the past year? When calculating the top execs' bonuses, just pretend it didn't happen.
You've got to be kidding me
Wait a minute. Is this the same Washington Mutual that:
- Slid 70% in the past year amid mortgage and foreclosure headaches?
- Canned 3,000 employees and shuttered 190 of its 336 loan centers last year, in the wake of an ugly real estate mess?
- Announced a $1.8 billion quarterly loss related to losses in its loan portfolio?
Yes, it is.
Please, enlighten me
Washington Mutual justified the plan by acknowledging the "challenging business environment and the need to evaluate performance across a wide range of factors." Apparently, that "wide range of factors" doesn't include evaluating management members whose jobs include ensuring the feasibility of the company's loan portfolio in the first place.
Labels: executive compensation, FUBAR
Republican vice presidential candidate Sarah Palin took questions with her running mate Wednesday night, offering at one point to play "stump the candidate" with a mostly friendly Michigan crowd.
Asked for "specific skills" she could cite to rebut critics who question her grasp of international affairs, she replied, "I am prepared."
"I have that confidence. I have that readiness," Palin said. "And if you want specifics with specific policies or countries, you can go ahead and ask me. You can play 'stump the candidate' if you want to. But we are ready to serve."
GOP presidential nominee John McCain stepped in, pointing out that as governor of a state that is oil and gas plentiful, Palin was familiar with energy. She knows it to be "one of our great national security challenges," he said.
Labels: arrogance, Sarah Palin
Labels: cool gadgets
In 2002, McCain introduced a bill to deregulate the broadband Internet market, warning that "the potential for government interference with market forces is not limited to federal regulation." Three years earlier, McCain had joined with other Republicans to push through landmark legislation sponsored by then-Sen. Phil Gramm (Tex.), who is now an economic adviser to his campaign. The Gramm-Leach-Bliley Act aimed to make the country's financial institutions competitive by removing the Depression-era walls between banking, investment and insurance companies.
That bill allowed AIG to participate in the gold rush of a rapidly expanding global banking and investment market. But the legislation also helped pave the way for companies such as AIG and Lehman Brothers to become behemoths laden with bad loans and investments.
McCain now condemns the executives at those companies for pursuing the ambitions that the Gramm-Leach-Bliley Act made possible, saying that "in an endless quest for easy money, they dreamed up investment schemes that they themselves don't even understand."
He said the misconduct was aided by "casual oversight by regulatory agencies in Washington," where he said oversight is "scattered, unfocused and ineffective."
"They haven't been doing their job right," McCain said yesterday, "or else we wouldn't have these massive problems on Wall Street, and that's a fact. At their worst, they've been caught up in Washington turf wars instead of working together to protect investors and the public interest."
Labels: hypocrisy, John McCain
Labels: John McCain, movies
John McCain is, in effect, applying for the job of the most powerful position on the planet. Whether or not he is going to die in office, or have a cancer remission (the treatment for which will render him utterly unable to perform his job duties), is a critical question that must be answered BEFORE we "hire" him by voting him in. As Kathy Geier points out in yesterday's G-Spot article, "For years, releasing a candidate's complete medical records has been standard practice for major party presidential candidates. The way the McCain has dealt with the medical records issue is highly unusual, to say the least...If McCain's medical history was entirely reassuring and he really were in excellent health, I doubt that the campaign would have dealt with his records the way they did. The campaign knows that voters have serious concerns about this issue, and if the medical records really were unproblematic, they wouldn't hesitate to release the whole enchilada to any reporter who asked, with no conditions and no strings attached."
If he is in fact a Dead Man Walking, then the choice of Sarah Palin as Vice President also becomes more than a Hail Mary pass intended to destroy any bounce from the wildly successful Democratic Convention. It becomes reckless in the extreme: Choosing an heir apparent who lies, engages in petty revenge, wants to know how to ban books, faithfully attends a church which believes dinosaurs were around 4000 years ago and Jews are punished by God for not believing in Jesus, has less foreign policy experience than a Delta flight attendant, doesn't know what the Bush Doctrine is, and has less than two years experience governing a state with a population less than that of Wichita, Kansas or Raleigh, North Carolina.
We know that the secret cabal, the Council for National Policy, who hopes to replace American democracy with religious rule (THEIR religion, not yours), are the people who investigated Sarah Palin and "chose" her for McCain as his VP. Since he accepted their decision, fundamentalist organizations have thrown themselves behind his campaign in a way they had not before. It raises the question of a deal. What would a dying man have to offer power brokers in order to have their backing for the U.S. Presidency?
Labels: bloggers, wingnuttia
Four years later, the ambitious Palin won the Wasilla mayor's office -- after scorching the "tax and spend mentality" of her incumbent opponent. But Carney, Palin's estranged former mentor, and others in city hall were astounded when they found out about a lavish expenditure of Palin's own after her 1996 election. According to Carney, the newly elected mayor spent more than $50,000 in city funds to redecorate her office, without the council's authorization.
"I thought it was an outrageous expense, especially for someone who had run as a budget cutter," said Carney. "It was also illegal, because Sarah had not received the council's approval."
According to Carney, Palin's office makeover included flocked, red wallpaper. "It looked like a bordello."
Labels: snark

Washington Mutual (WM), a company that once considered itself the Starbucks (SBUX) of banking, now has a stock price lower than that of a latte.
Shares of the Seattle company, the nation's largest savings and loan, fell 27% on Sept. 15, to $2 a share, following news that other struggling financial-services giants Lehman Brothers (LEH) and Merrill Lynch (MER) had succumbed to the mortgage meltdown. WaMu shares rose 16% on Sept. 16 to close at 2.32 as investors responded to rumors that banking giant JPMorgan Chase (JPM) may make an offer for the company.
Labels: economic death watch
...eligible for AIG's executive severance plan, which provided benefits based on salary and bonus levels, and continued vesting of some incentive awards and benefits.
...incentive compensation for the first months of 2005, based on the company's full-year performance. Citigroup also will accelerate the vesting of shares worth about $6 million - 40 percent of a $15 million restricted stock retention award the company gave him in July 2003. He also will receive a car, driver and secretarial services through August 2006, unless he takes a new job before then, according to a filing with the Securities and Exchange Commission.
In a stunning turn, the Federal Reserve Board is lending as much as $85 billion to rescue crumbling insurer American International Group, officials announced Tuesday evening.
The Fed authorized the Federal Reserve Bank of New York to lend AIG (AIG, Fortune 500) up to $85 billion. In return, the federal government will receive a 79.9% stake in the company.
Officials decided they must act lest the nation's largest insurer file bankruptcy. Such a move would roil world markets since AIG (AIG, Fortune 500) has $1.1 trillion in assets and 74 million clients in 130 countries.
"[A] disorderly failure of AIG could add to already significant levels of financial market fragility and lead to substantially higher borrowing costs, reduced household wealth and materially weaker economic performance," the Fed said in a statement.
The bailout marks the most dramatic turn yet in an expanding crisis that started more than a year ago in the mortgage meltdown. The resulting credit crunch is now toppling not only mainstay Wall Street players, but others in the wider financial industry .
The line of credit to AIG, which is available for two years, is designed to help the company meet its obligations, the Fed said. Interest will accrue at a steep rate of 3-month Libor plus 8.5%, which totals 11.31% at today's rates. AIG will sell certain of its businesses with "the least possible disruption to the overall economy."
Taxpayers will be protected, the Fed said, because the loan is backed by the assets of AIG and its subsidiaries. The loan is expected to be repaid from the proceeds of the asset sales.
Labels: economic death watch, FUBAR
Labels: humor, Sarah Palin
BLITZER: I want to get to some of the substance of domestic and international issues in a minute, but let's just wrap up a little bit of the politics right now. Why should Democrats, looking at the Democratic nomination process, support you instead of Bill Bradley, a friend of yours, a former colleague in the Senate? What do you have to bring to this that he doesn't necessarily bring to this process?
GORE: Well, I will be offering - I'll be offering my vision when my campaign begins. And it will be comprehensive and sweeping. And I hope that it will be compelling enough to draw people toward it. I feel that it will be.
But it will emerge from my dialogue with the American people. I've traveled to every part of this country during the last six years. During my service in the United States Congress, I took the initiative in creating the Internet. I took the initiative in moving forward a whole range of initiatives that have proven to be important to our country's economic growth and environmental protection, improvements in our educational system.
Asked what work John McCain did as Chairman of the Senate Commerce Committee that helped him understand the financial markets, the candidate's top economic adviser wielded visual evidence: his BlackBerry.
"He did this," Douglas Holtz-Eakin told reporters this morning, holding up his BlackBerry. "Telecommunications of the United States is a premier innovation in the past 15 years, comes right through the Commerce committee so you're looking at the miracle John McCain helped create and that's what he did."
Labels: John McCain
Labels: Michael Moore
Labels: John McCain, Wake Me Up When It's Over, You can't make this shit up
McCain, who said he knows nothing about economics, will surely hand over the reins to the Friedmanites and neoconservatives who have sent the country on a path to ruin. Anyone looking at his team could tell you that. Palin and the interests she represents are even further to the right.
Now, no one in their right mind -- including reasonable independents and Republicans -- wants to double down on neocon ideology, but here comes the "maverick" and his economic advisers to use the crises we face to implement more "change" and "reform" to the system by privatizing everything in sight. Is this what the American people want? When they are aware of it, the answer is always no. It's the same bullshit re-branded.
It may happen in a shock therapy in the first 100 days, or financial chaos may force them to wait until things stabilize, but sooner or later they will follow their fundamentalist creed. Ruin the government you are purporting to run and turn it over to privatization frenzy, creating a shadow government of private corporate rule. That's the whole idea.
So let's brand bust this maverick gibberish but understand the coded language that belies their true mission... we should take them at the true meaning of their words.
Not just more of the same -- worse than the same. Times of crisis are great opportunities to implement the radical agendas we usually reject.
That's also the idea.
McCain and the neocon ideologues won't "reform" government, they will gut government and privatize everything in sight in the name of responding to the crises they helped engineer through Bush and Cheney. Their view of government is the reverse of the Hippocratic Oath: do harm and then when the patient is sick, give the wrong medicine, watch him die, and sell off the body parts.
They will destroy the Department of Energy, HUD, the list goes on and on. With this crew, all you need to do is destroy government, privatize it and get out of the way, and then a magic utopia appears. Well, actually it doesn't, but a lot of connected people get rich, and in the privatized war business, blood money flows and a fuck of a lot of innocent people die. The legacy of Bush/McCain is a legacy of shame. Any man that stood with this criminal administration should be forced to answer for it.
The Republicans have been ruinous and most of it stems from an ideology that leaves the government in ruins. McCain has been on board hook, line and sinker. He voted with Bush over 90% of the time. End of story.
It is fundamentally corrupt and dishonest to call it reform when leaders want to cripple government, then hand it over to private industry, usually subsidized by taxpayers, but for other people's profits. More like contempt for government.
Red meat for dummies... a horror show for the rest of us.
Labels: John Cusack
Lehman Brothers has hired Jeb Bush, brother of the President of the United States, as an advisor to its private equity business, a source familiar with the situation said.
Lehman hired another relative of U.S. President George W. Bush last year--George Walker, a second cousin, who heads up the bank's asset management business.
Jeb Bush is the former governor of Florida.
Lehman Brothers declined to comment.
Labels: economic death watch, Jeb Bush, You can't make this shit up
I heard that a Republican County Chairman right here in Michigan said that they're keeping a list of foreclosed homes, suggesting that if you've lost your home, you should also lose your vote. I have a different idea. I think that if you're worried about losing your home, you should vote for the guys who are going to help you keep it!
The chairman of the Republican Party in Macomb County, Michigan, a key swing county in a key swing state, is planning to use a list of foreclosed homes to block people from voting in the upcoming election as part of the state GOP’s effort to challenge some voters on Election Day.
“We will have a list of foreclosed homes and will make sure people aren’t voting from those addresses,” party chairman James Carabelli told Michigan Messenger in a telephone interview earlier this week. He said the local party wanted to make sure that proper electoral procedures were followed.
State election rules allow parties to assign “election challengers” to polls to monitor the election. In addition to observing the poll workers, these volunteers can challenge the eligibility of any voter provided they “have a good reason to believe” that the person is not eligible to vote. One allowable reason is that the person is not a “true resident of the city or township.”
The Michigan Republicans’ planned use of foreclosure lists is apparently an attempt to challenge ineligible voters as not being “true residents.”
Labels: disenfranchisement, Joe Biden, Republicans
The whole idea of the McCain plan is to get families out of employer-paid health coverage and into the health insurance marketplace, where naked competition is supposed to take care of all ills. (We’re seeing in the Bear Stearns, Fannie Mae, Freddie Mac, Lehman Brothers and Merrill Lynch fiascos just how well the unfettered marketplace has been working.)
Taxing employer-paid health benefits is the first step in this transition, the equivalent of injecting poison into the system. It’s the beginning of the end.
When younger, healthier workers start seeing additional taxes taken out of their paychecks, some (perhaps many) will opt out of the employer-based plans — either to buy cheaper insurance on their own or to go without coverage.
That will leave employers with a pool of older, less healthy workers to cover. That coverage will necessarily be more expensive, which will encourage more and more employers to give up on the idea of providing coverage at all.
The upshot is that many more Americans — millions more — will find themselves on their own in the bewildering and often treacherous health insurance marketplace. As Senator McCain has said: “I believe the key to real reform is to restore control over our health care system to the patients themselves.”
Yet another radical element of McCain’s plan is his proposal to undermine state health insurance regulations by allowing consumers to buy insurance from sellers anywhere in the country. So a requirement in one state that insurers cover, for example, vaccinations, or annual physicals, or breast examinations, would essentially be meaningless.
In a refrain we’ve heard many times in recent years, Mr. McCain said he is committed to ridding the market of these “needless and costly” insurance regulations.
This entire McCain health insurance transformation is right out of the right-wing Republicans’ ideological playbook: fewer regulations; let the market decide; and send unsophisticated consumers into the crucible alone.
You would think that with some of the most venerable houses on Wall Street crumbling like sand castles right before our eyes, we’d be a little wary about spreading this toxic formula even further into the health care system.
But we’re not even paying much attention.
Labels: 2008 election, economic death watch, health care, John McCain
In early 1995, after Republicans had taken control of Congress, Mr. McCain promoted a moratorium on federal regulations of all kinds. He was quoted as saying that excessive regulations were “destroying the American family, the American dream” and voters “want these regulations stopped.” The moratorium measure was unsuccessful.
“I’m always for less regulation,” he told The Wall Street Journal last March, “but I am aware of the view that there is a need for government oversight” in situations like the subprime lending crisis, the problem that has cascaded through Wall Street this year. He concluded, “but I am fundamentally a deregulator.”
Later that month, he gave a speech on the housing crisis in which he called for less regulation, saying, “Our financial market approach should include encouraging increased capital in financial institutions by removing regulatory, accounting and tax impediments to raising capital.”
Labels: cluelessness, economic death watch, John McCain
Labels: comedy, Sarah Palin
A BUZZFLASH NEWS ALERT
by Christine BowmanHurricane Ike just about blew away the city of Galveston. Evacuations had been ordered there, and recovery and rebuilding efforts are expected to take months or even years. But rescue and recovery is under way in Galveston.
In contrast, Houston's 4 million people were told to hunker down and stay in place. What now for them?
Millions have no power, going on 3 days later. No food supply. No ice. No water supply, no cell phone service, no land lines. Not many gas stations and grocery stores are up and running. There's no air conditioning. (The scorching summer in Houston lasts well into October). Roofs blew away, trees smashed homes and vehicles, flood waters and leaks have destroyed much.
[snip]Harris County chief executive Judge Ed Emmett (a Republican) and Houston Mayor Bill White (a Democrat) "warned the Federal Emergency Management Agency on Sunday morning that it would be 'held accountable'" if it did not deliver emergency supplies as promised. ... Through gritted teeth, White said: 'We expect FEMA to honor our request and their commitments. ... If all these supplies don't materialize, they'll get low marks.'"
In an interview with Harry Smith, Republican Governor Rick Perry said that FEMA was responsible for distributing aid in Houston, not the state of Texas, which was responding in other areas.
On Sunday the ABC affiliate in Houston reported more confusion among authorities as to who is responsible for helping Houston, FEMA or the state?
It wasn't until Sunday at a news conference with FEMA head Michael Chertoff that we realized FEMA thought the state was going to transport FEMA supplies and distribute them. But the state let them know this morning that they couldn't do the distribution, that they wanted FEMA to do it.
And on Sunday night, we found out that FEMA put the responsibility on the city of Houston and Harris County. The city and county say they're set up to do the distribution, thanks to plenty of employees and volunteers. But the confusion may have led to a delay in getting supplies here and we addressed the delay and confusion with Secretary Chertoff. ...
"We were asked to take on the responsibility of actually getting them to the points of distribution and manning the points of distribution," said Chertoff."Who screwed up?" we asked.
"This is not about a screw-up," said Chertoff. ...
"Did the state tell you guys at some point this morning, 'Hey we can't distribute it by Plan A. We have to go to Plan B?'"
"This morning, the state, where it's slow with its resources and capabilities and capabilities, said 'We'd like you to take over this assignment.' We were happy to do it."
FEMA pointed the finger at the state in an LA Times report:
But federal officials said state authorities suddenly changed plans Sunday morning and asked the federal government take over distribution of supplies after earlier promising to take care of that task themselves.
"An unanticipated glitch" is how Homeland Security Secretary Michael Chertoff described it during a news conference in Houston attended by White and Emmett.The bureaucracies had better get themselves organized, and fast. Already, reports indicate that the needs of elderly and disabled citizens have not been met. This writer, with immediate family members and close friends in Houston, can confirm that that is not an isolated incident. Even first responders were going hungry, in the beginning:
Congressman John Culberson complained that 300 first responders were not getting food to eat. He was appearing on local TV, asking Houstonians who could get out to bring supplies to these staging areas. I hope the problem has been solved by now. My question is: Where was FEMA?
Labels: hurricanes
Labels: Rachel Maddow
Labels: icepick meet forehead, idiocy, wingnuttia

Labels: Advertising, Sarah Palin


