Editore"s Note
Tilting at Windmills

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December 11, 2009

FRIDAY'S MINI-REPORT.... Today's edition of quick hits:

* It passed with zero GOP votes: "More than a year after the near-collapse of Wall Street plunged the economy into crisis, the House on Friday approved the most sweeping overhaul of the nation's financial regulatory system since the Great Depression."

* A cramdown measure was defeated in the House, thanks to Blue Dog Democrats and Republicans.

* Secretary of Defense Robert Gates expects new sanctions against Iran over its nuclear program.

* From 2004 to 2006, the lines were blurred out of existence: "Private security guards from Blackwater Worldwide participated in some of the C.I.A.'s most sensitive activities --clandestine raids with agency officers against people suspected of being insurgents in Iraq and Afghanistan and the transporting of detainees, according to former company employees and intelligence officials."

* It's safe to say Greece is having some very serious fiscal problems.

* The latest retail-sales report looked pretty good.

* For reasons that I can't begin to understand, Sen. Olympia Snowe (R-Maine) thinks health care reform is still going too fast.

* Why students drop out of college.

* Krugman, who has defended the Fed chairman, today takes Bernanke to task.

* Matt Taibbi trashes President Obama and his economic team. Tim Fernholz describes Taibbi's piece as "a factual mess," "a conspiracy theorist's dream," "pernicious for a lot of journalistic reasons," and sidestepping actual administration policy failures. "It's almost as if he cherry-picked what he thought would fit with his narrative," Fernholz adds. [Update: And Felix Salmon responds to Fernholz's response.]

* Legislation related to a college football playoff is stalled in a House committee, but Sen. Orrin Hatch (R-Utah) hopes to get it moving in the Senate. President Obama has said he'd sign the bill into law.

* Good question: "Why does the LAT allow Andrew Malcolm to continue to misrepresent polling?"

* Josh Marshall catches CNN's coverage yesterday on the Copenhagen conference: "First we hear Al Gore, discussing the evidence for warming. And after that, the latest from Sarah Palin discussing the science on her Facebook page. That's the debate. Proud moment."

* Bachmann kills what was left of irony: she told a crowd this week, referring to the Obama administration, "These people are not connected to reality."

* I've been away from my desk most of the afternoon, and I'm just now catching up. I'll have reports on some of the day's late-breaking developments in the morning.

Anything to add? Consider this an open thread.

Steve Benen 5:30 PM Permalink | Trackbacks | Comments (28)

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Comments

In fairness to Bachmann, she exists in an alternate reality to which we are certainly not connected.

Posted by: fostert on December 11, 2009 at 5:43 PM | PERMALINK
A cramdown measure was defeated in the House, thanks to Blue Dog Democrats and Republicans.

I'm not a huge Atrios fan, but dude's right about cramdowns being the best way to stop the foreclosure crisis (another wave of which will be hitting here soon).

Pardon my crassness here, but, it's patently fucking disgusting -- on a human decency level -- that Blue Dogs and the GOP are fine with allowing bankruptcy judges to adjust rates for a vacation house, but not someone's actual home.

It. Makes. No. Fucking. Sense. At. All.

None. Zero. Zilch. Nada. Nothin'.

And if you think the foreclosure crisis is bad now thanks to the subprime and CRE mess, just wait a few more months. That's when prime mortgages really kick into high foreclosure gear due to lack of jobs and income.

Things are going to get worse before they get better. A LOT worse.

Posted by: Mark D on December 11, 2009 at 5:44 PM | PERMALINK

It's been an interesting week in Lake Wobegon. There seems to be some upset in the Bachmann household...

/Keilor


Posted by: JPS on December 11, 2009 at 5:45 PM | PERMALINK

Good question: "Why does the _______ allow ______ to continue to misrepresent ______?"

These things might have been good questions sometime in the past, but the answer is becoming increasing obvious.

Posted by: qwerty on December 11, 2009 at 5:45 PM | PERMALINK

No Politico.

Nice. :)

Thank you.

Posted by: JPS on December 11, 2009 at 5:47 PM | PERMALINK
It passed with zero GOP votes:

Among those voting 'no', Kucinich, D, (D-OH) and Kaptur, M. (D-OH), side by side with other staunch progressives like Davis (D-TN), Ike Skelton, and the terrible Texas twins, Cuellar and Ortiz.

One assumes that if the vote were closer, Pelosi could have counted on the Immaculate Conception Caucus to switch their votes.

One assumes.

Posted by: Davis X. Machina on December 11, 2009 at 6:12 PM | PERMALINK

If memory serves, Blackwater also patrolled the streets of New Orleans in the aftermath of Katrina. Dick Cheney built himself quite a sinister little army on the taxpayers dime, didn't he?

Posted by: JW on December 11, 2009 at 6:30 PM | PERMALINK

"The latest retail-sales report looked pretty good."

Too bad a big chunk of it was merely a spike in gasoline prices.

Posted by: Joe Friday on December 11, 2009 at 6:39 PM | PERMALINK

Tim Fiernholz isn't really credible He was hired enitely TO BE an obama apologist.

Taibbi has spent his career afflicting the powerful. Tim Fiernholz has spent his career apologizing for them.

It's shameful the way half the so-called 'reporters' on the progressive side of the aisle have turned into the Democratic versions what George Will was for GWB.

Posted by: soullite on December 11, 2009 at 6:52 PM | PERMALINK

It passed with zero GOP votes:
Among those voting 'no', Kucinich, D, (D-OH) and Kaptur, M. (D-OH), side by side with other staunch progressives like Davis (D-TN), Ike Skelton, and the terrible Texas twins, Cuellar and Ortiz.

That's because this legislation has been GUTTED by Congressperson Bean (D - Wall St):

http://www.huffingtonpost.com/2009/12/11/house-passes-financial-re_n_389267.html

This will allow Wall St to fuck the middle class and give us an even bigger bill.

This is not change we can believe in...

Posted by: Glen on December 11, 2009 at 6:53 PM | PERMALINK

* It passed with zero GOP votes: "More than a year after the near-collapse of Wall Street plunged..........

Uh, Steve, you linked to a Wapo article which said the vote was "largely along party lines" and R's voted "nearly unanimously in their opposition to the bill".

Posted by: wtf on December 11, 2009 at 7:30 PM | PERMALINK

Funny, Ol' Timmy din't like him much about what Matt had to say despite pretty much agreeing with him in the coda.

Is this some sort of side-effect from the Kool-Aide?

And while we're at it Tim Ol' Pal...

...How's yer Habeas Corpus?

Posted by: A.Citizen on December 11, 2009 at 7:31 PM | PERMALINK

Tim Fernholz is a complete tool.

why in the world would you link to a douchebag like him ???

Posted by: Oh Come On on December 11, 2009 at 7:39 PM | PERMALINK

go take a look at the comments on that Fernholz post - he is getting savaged - just brutal.

read this post at kos - much closer to Reality and how People really feel.

http://www.dailykos.com/storyonly/2009/12/11/813110/-Taibbi-Strikes-Again

Posted by: Go Look & See on December 11, 2009 at 7:43 PM | PERMALINK

* It passed with zero GOP votes: [...]

My understanding is that it's so full of Beans, loopholes and exemptions, it's positively lacy, if not downright gauzy. I've heard that, by the time Sweet (Melissa) Beans was done with her Richelieu (also known as "eyelet") embroidery exercises, a slice of Swiss cheese was a solid entity by comparison.

Posted by: exlibra on December 11, 2009 at 8:21 PM | PERMALINK

* A cramdown measure was defeated in the House, thanks to Blue Dog Democrats and Republicans.

I wasn't aware there was a difference between the two. Take for example Heath Shuler, rep from NC. I used to check the voting logs to see how he voted. I don't anymore, he votes lock-step with the republicans

Posted by: YonderScott on December 11, 2009 at 9:14 PM | PERMALINK

North American CO2 sink.

Their estimate is that NA sequesters about 1/3 of NA anthropogenic CO2.

Fan et al. in Science (1998, 1998) obtained a much larger estimate of the NA CO2 sink, and claimed that NA sequestered a little more CO2 than it produced.

Unless Fan et al come up with new evidence, or someone else does, then I suppose we have to accept the figure of 1/3.

Posted by: MatthewRMarler on December 11, 2009 at 9:58 PM | PERMALINK

Chris Matthews has a fiery piece on Global Climate Change:

http://www.msnbc.msn.com/id/3036697/vp/34385342#34385342

Rather enjoyed it.

Posted by: JWK on December 11, 2009 at 10:16 PM | PERMALINK

In his latest Rolling Stone piece, Matt Taibbi distills everything wrong with the Obama administration into two pithy sentences:

The point is that an economic team made up exclusively of callous millionaire-a**holes has absolutely zero interest in reforming the gamed system that made them rich in the first place.

There’s no other way to say it: Barack Obama, a once-in-a-generation political talent whose graceful conquest of America’s racial dragons en route to the White House inspired the entire world, has for some reason allowed his presidency to be hijacked by sniveling, low-rent sh*theads.

http://firedoglake.com/2009/12/11/two-sentences-by-matt-taibbi/

Posted by: Read & Weep on December 11, 2009 at 10:37 PM | PERMALINK

"The latest retail-sales report looked pretty good."

UPDATE:

Looks like when you exclude spending on groceries and at restaurants, spending at regular retailers in November actually dropped .8% from last November.

Yeesh.

Posted by: Joe Friday on December 11, 2009 at 11:13 PM | PERMALINK

go take a look at the comments on that Fernholz post - he is getting savaged - just brutal.

I remember when the left side of the blogosphere wasn't crammed full of self-important purity twats like those. It was kinda fun. Now I can't read a thread without wanting to eviscerate about 19 strangers who egg each other on over nothing and cheerlead each other's nonsense, following each other from blog to blog like a toothless yappy wolfpack or trustafarian gutterpunks. I might as well read the rightie blogs.

Posted by: FlipYrWhig on December 12, 2009 at 1:07 AM | PERMALINK

Taibbi has spent his career afflicting the powerful.

Oh, he's afflicted with something.

Posted by: FlipYrWhig on December 12, 2009 at 1:08 AM | PERMALINK

Matt Taibbi to replace Gibbs!
Now that would be some funny sh*t!
Either he tells it like it ought to be told or we see a severely muzzled mouthpiece.
Sorry, FliyurWhig, I love Taibbi. Snarkypants all day long. Like Jon Stewart, only with more comprehensive data and no team of writers.

Posted by: vwmeggs on December 12, 2009 at 1:17 AM | PERMALINK

I would say according to a poll published by the daily tabloid VG, 44% of Norwegians believe it was rude of Obama to cancel his scheduled lunch with King Harald, with only 34% saying they believe it was acceptable....

valentines day gifts

Posted by: lokenkristianna on December 12, 2009 at 1:21 AM | PERMALINK

I read Fernholz's critique of Taibbi's piece, and I found it pretty unpersuasive. Fernholz might be right, but if he is, he sure isn't doing a good job of showing it.

Posted by: Vlad on December 12, 2009 at 5:36 AM | PERMALINK

Bachmann needs an intervention. A public flogging, including a long list of particulars is in order.

Posted by: Bob Johnson on December 12, 2009 at 12:54 PM | PERMALINK

I miss the days when corruption twats like flipyrwig were hugging in the streets as their beloved change agents took the graft baton from Bush and ran like hell. Now there's all these fucking literate people who pay attention as our phony reformer loots the fisc to save preening failures from ruin and it's no fun at all. I will laff & laff when the next foreclosure wave hits Obama's majority of whores and the blowjob crusaders take over. Couldn't happen to a nicer fake reformer.

Posted by: changeHAHAHAHAHAHA on December 12, 2009 at 1:25 PM | PERMALINK

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Posted by: Adan on March 11, 2010 at 4:48 AM | PERMALINK




 

 

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