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Barack Obama - Noteworthy - Economic - Crisis - History - Politics
"The Action Americans Need." [By Democratic President Barack Obama] ... "By now, it's clear to everyone that we have inherited an economic crisis as deep and dire as any since the days of the Great Depression. Millions of jobs that Americans relied on just a year ago are gone; millions more of the nest eggs families worked so hard to build have vanished. People everywhere are worried about what tomorrow will bring." ... "What Americans expect from Washington is action that matches the urgency they feel in their daily lives -- action that's swift, bold and wise enough for us to climb out of this crisis." ... "Because each day we wait to begin the work of turning our economy around, more people lose their jobs, their savings and their homes. And if nothing is done, this recession might linger for years. Our economy will lose 5 million more jobs. Unemployment will approach double digits. Our nation will sink deeper into a crisis that, at some point, we may not be able to reverse." ... "That's why I feel such a sense of urgency about the recovery plan before Congress. With it, we will create or save more than 3 million jobs over the next two years, provide immediate tax relief to 95 percent of American workers, ignite spending by businesses and consumers alike, and take steps to strengthen our country for years to come." ... "This plan is more than a prescription for short-term spending -- it's a strategy for America's long-term growth and opportunity in areas such as renewable energy, health care and education. And it's a strategy that will be implemented with unprecedented transparency and accountability, so Americans know where their tax dollars are going and how they are being spent." ... "In recent days, there have been misguided criticisms of this plan that echo the failed theories that helped lead us into this crisis -- the notion that tax cuts alone will solve all our problems; that we can meet our enormous tests with half-steps and piecemeal measures; that we can ignore fundamental challenges such as energy independence and the high cost of health care and still expect our economy and our country to thrive." ... "I reject these theories, and so did the American people when they went to the polls in November and voted resoundingly for change. They know that we have tried it those ways for too long. And because we have, our health-care costs still rise faster than inflation. Our dependence on foreign oil still threatens our economy and our security. Our children still study in schools that put them at a disadvantage. We've seen the tragic consequences when our bridges crumble and our levees fail." ... "Every day, our economy gets sicker -- and the time for a remedy that puts Americans back to work, jump-starts our economy and invests in lasting growth is now." ... "Now is the time to protect health insurance for the more than 8 million Americans at risk of losing their coverage and to computerize the health-care records of every American within five years, saving billions of dollars and countless lives in the process." ... "Now is the time to save billions by making 2 million homes and 75 percent of federal buildings more energy-efficient, and to double our capacity to generate alternative sources of energy within three years." ... "Now is the time to give our children every advantage they need to compete by upgrading 10,000 schools with state-of-the-art classrooms, libraries and labs; by training our teachers in math and science; and by bringing the dream of a college education within reach for millions of Americans." ... "And now is the time to create the jobs that remake America for the 21st century by rebuilding aging roads, bridges and levees; designing a smart electrical grid; and connecting every corner of the country to the information superhighway." ... "These are the actions Americans expect us to take without delay. They're patient enough to know that our economic recovery will be measured in years, not months. But they have no patience for the same old partisan gridlock that stands in the way of action while our economy continues to slide." ... "So we have a choice to make. We can once again let Washington's bad habits stand in the way of progress. Or we can pull together and say that in America, our destiny isn't written for us but by us. We can place good ideas ahead of old ideological battles, and a sense of purpose above the same narrow partisanship. We can act boldly to turn crisis into opportunity and, together, write the next great chapter in our history and meet the test of our time." -By Barack Obama -WashingtonPost
Barack Obama - Corporate - Government - Crisis - Politics
"Bailouts for Bunglers." ... "“We have a financial system that is run by private shareholders, managed by private institutions, and we’d like to do our best to preserve that system,” says Timothy Geithner, the Treasury secretary [appointed by Democratic President Barack Obama] — as he prepares to put taxpayers on the hook for that system’s immense losses." ... "Meanwhile, a Washington Post report based on administration sources says that Mr. Geithner and Lawrence Summers, President Obama’s top economic adviser, “think governments make poor bank managers” — as opposed, presumably, to the private-sector geniuses who managed to lose more than a trillion dollars in the space of a few years." ... "And this prejudice in favor of private control, even when the government is putting up all the money, seems to be warping the administration’s response to the financial crisis." ... "In normal times, banks raise capital by selling stock to private investors, who receive a share in the bank’s ownership in return. You might think, then, that if banks currently can’t or won’t raise enough capital from private investors, the government should do what a private investor would: provide capital in return for partial ownership." ... "But bank stocks are worth so little these days — Citigroup and Bank of America have a combined market value of only $52 billion — that the ownership wouldn’t be partial: pumping in enough taxpayer money to make the banks sound would, in effect, turn them into publicly owned enterprises." ... "My response to this prospect is: so? If taxpayers are footing the bill for rescuing the banks, why shouldn’t they get ownership, at least until private buyers can be found? But the Obama administration appears to be tying itself in knots to avoid this outcome." ... "If news reports are right, the bank rescue plan will contain two main elements: government purchases of some troubled bank assets and guarantees against losses on other assets. The guarantees would represent a big gift to bank stockholders; the purchases might not, if the price was fair — but prices would, The Financial Times reports, probably be based on “valuation models” rather than market prices, suggesting that the government would be making a big gift here, too." ... "And in return for what is likely to be a huge subsidy to stockholders, taxpayers will get, well, nothing." -By Paul Krugman -NYTimes
Cable - Media - Politics - Lawmakers - Federal - Economics - John Boehner - John McCain - OH - AZ
"REPORT: GOP Lawmakers Outnumber Democratic Lawmakers 2 To 1 In Stimulus Debate On Cable News." ... "As Media Matters has documented, during the [Republican President] Bush administration, the media consistently allowed conservatives to dominate their shows, booking them as guests far more often than progressives. The rationale was that Republicans were “in power.”" ... "It appears that old habits die hard. Even though [Democratic] President Obama and his team are in control of the executive branch and Democrats are in the majority in Congress, the cable networks are still turning more often to Republicans and allowing them to set the agenda on major issues, most recently on the debate over the economic recovery package." ... "On Sunday, conservatives began an all-out assault on President Obama’s economic recovery plan, with [Ohio Republican Representative and Republican] House Minority Leader John Boehner (R-OH [Republican-Ohio]) and [Arizona Republican Senator] Sen. John McCain (R-AZ [Republican-Arizona]) both announcing that they would vote against the plan as it stood. Despite Obama’s efforts at good faith outreach, congressional conservatives have continued to attack the stimulus plan with a series of false and disingenuous arguments." ... "The media have been aiding their efforts. In a new analysis, ThinkProgress has found that the five cable news networks — CNN, MSNBC, Fox News, Fox Business and CNBC — have hosted more Republican lawmakers to discuss the plan than Democrats by a 2 to 1 ratio this week:"
"Cable News Appearances By Members of Congress"
"(By Party - January 26-28, 2009)"
[Red=Republican / Blue=Democratic]
... "The drastically imbalanced coverage isn’t the first time that the news networks have effectively supported attacks on the recovery plans. As ThinkProgress reported on Monday, the cable networks, the Sunday shows and the network newscasts promoted a controversial CBO non-report 81 times before the actual CBO analysis of the stimulus plan was released." -ThinkProgress -ThinkProgress.org
Economic - Legislation - Politics - Government - Infrastructure - Energy - People's - Health - Jobs - Education - Food - Obama
"Republicans Vote Against the American People." ... "The House of Representatives passed an $819-million economic stimulus package this evening. The vote was 244-188. Only Democrats voted for it. 177 Republicans voted against it." ... "The package includes both spending measures and tax cuts. The American people would get some tax relief, money to save or to spend, perhaps to pay the bills and put food on the table, and money would go to infrastructure projects, for energy and education and health care, to support those who need it, those who have lost their jobs at a time when the economy is bleeding jobs, and down to states and municipalities, to levels of government on the front lines of service provision." ... "You know what? It’s not just about stimulating the economy, it’s about helping people. It’s responsive, responsible government action at a time when government action is desperately needed." ... "And, in the House, every single Republican voted against it." ... "Read that again: EVERY SINGLE REPUBLICAN VOTED AGAINST IT." ... "So much for bipartisan outreach. So much for [Democratic President] Obama’s efforts to be inclusive and to seek compromise with the other side. All the Republicans could offer was the same old tired formula of tax cuts, tax cuts, and more tax cuts, and, when it came right down to it, when it came time to pick a side, the Republicans sided, in unison, against the American people and the American economy." -By Michael Stickings -TheModerateVoice.com
War Crimes - Criminal - Military - Law - Politics
"1 in 4 Americans believe the Bush administration committed war crimes." ... "In a new telephone survey, Rasmussen Reports has found that 25 percent of voters “believe [Republican] President Bush and senior members of his administration are guilty of war crimes.” Forty-four percent of Democrats and 21 percent of unaffiliated voters believe that war crimes were committed while just 4 percent of Republicans believe the same." -By Matt Corley -ThinkProgress.org
Corporate- Government - Accounting - Politics - History - Military - Reconstruction - Gas - Alberto Gonzales - Torture - Law - Intelligence - Pat Tillman - US - Afghanistan - Guantánamo - Iraq
"Eight Years of Madoffs." ... "Three days after the world learned that $50 billion may have disappeared in Bernie Madoff’s Ponzi scheme, The Times led its front page of [2008 December] Dec. 14 with the revelation of another $50 billion rip-off. This time the vanished loot belonged to American taxpayers. That was our collective contribution to the $117 billion spent (as of mid-2008) on Iraq reconstruction — a sinkhole of corruption, cronyism, incompetence and outright theft that epitomized [Republican President] Bush management at home and abroad." ... "The source for this news was a near-final draft of an as-yet-unpublished 513-page federal history of this nation-building fiasco. The document was assembled by the Office of the Special Inspector General for Iraq Reconstruction — led by a Bush appointee, no less. It pinpoints, among other transgressions, a governmental Ponzi scheme concocted to bamboozle Americans into believing they were accruing steady dividends on their investment in a “new” Iraq." ... "The report quotes no less an authority than Colin Powell on how the scam worked. Back in 2003, Powell said, the Defense Department just “kept inventing numbers of Iraqi security forces — the number would jump 20,000 a week! ‘We now have 80,000, we now have 100,000, we now have 120,000.’ ” Those of us who questioned these astonishing numbers were dismissed as fools, much like those who begged in vain to get the Securities and Exchange Commission to challenge Madoff’s math." ... "What’s most remarkable about the Times article, however, is how little stir it caused. When, in 1971, The Times got its hands on the Pentagon Papers, the internal federal history of the Vietnam disaster, the revelations caused a national uproar. But after eight years of battering by Bush, the nation has been rendered half-catatonic. The Iraq Pentagon Papers sank with barely a trace." ... "After all, next to big-ticket administration horrors like Abu Ghraib, Guantánamo and the politicized hiring and firing at Alberto Gonzales’s Justice Department, the wreckage of Iraq reconstruction is what Ralph Kramden of “The Honeymooners” would dismiss as “a mere bag of shells.” The $50 billion also pales next to other sums that remain unaccounted for in the Bush era, from the $345 billion in lost tax revenue due to unpoliced offshore corporate tax havens to the far-from-transparent disposition of some $350 billion in Wall Street bailout money. In the old Pat Moynihan phrase, the Bush years have “defined deviancy down” in terms of how low a standard of ethical behavior we now tolerate as the norm from public officials." ... "Not even a good old-fashioned sex scandal could get our outrage going again. Indeed, a juicy one erupted last year in the Interior Department, where the inspector general found that officials “had used cocaine and marijuana, and had sexual relationships with oil and gas company representatives." ... "Back in the day, an oil-fueled scandal in that one department alone could mesmerize a nation and earn [Republican President] Warren Harding a permanent ranking among our all-time worst presidents. But while the scandals at Bush’s Interior resemble Teapot Dome — and also encompass millions of dollars in lost federal oil and gas royalties — they barely registered beyond the Beltway. Even late-night comics yawned when The Washington Post administered a coup de grâce last week, reporting that Interior Secretary Dirk Kempthorne spent $235,000 from taxpayers to redo his office bathroom (monogrammed towels included)." ... "It took 110 pages for the Center for Public Integrity, a nonpartisan research organization, to compile the CliffsNotes inventory of the Bush wreckage last month. It found “125 systematic failures across the breadth of the federal government.” That accounting is conservative. There are still too many unanswered questions. " ... "Just a short list is staggering. Who put that bogus “uranium from Africa” into the crucial prewar State of the Union address after the C.I.A. [Central Intelligence Agency] removed it from previous Bush speeches? How high up were the authorities who ordered and condoned torture and then let the “rotten apples” at the bottom of the military heap take the fall? Who orchestrated the Pentagon’s elaborate P.R. [Public Relations] efforts to cover up Pat Tillman’s death by “friendly fire” in Afghanistan? " -By Frank Rich -NYTimes
Barack Obama - Economic - Jobs - Politics - Government - History - Iowa
"Harkin Fears "Trickle-Down" Stimulus." ... "Democratic senators are still emerging from their closed-door briefing with [Democratic President Elect] Obama economic adviser Larry Summers ... but a senior Democratic senator, Iowa progressive Tom Harkin, just gave me a dire buzzword: trickle-down." ... ""There's only one thing we've got to do in this stimulus, and that's create jobs," Harkin told me. "I'm a little concerned by the way Mr. Summers and others are going on this ... it still looks a little more to me like trickle-down."" ... "Likening Barack Obama's economic recovery plan to the failed supply-side excesses of the [Republican Presidents] Reagan and Bush years is a bit of a Cassandra moment. But Harkin didn't back down. "What I'm hearing from Mr. Summers is that they've got a different approach -- tax breaks, and this and that," he said. Harkin warned that, much like the outcome of George Bush's $600 stimulus package last year, recipients of quick tax cuts "are going to be salting it away, not spending it."" ... "When I asked if he felt his concerns were heard during the meeting, he looked to the floor and slowly shook his head. It was almost forlorn." -By Elana Schor -TPMElectionCentral .TalkingPointsMemo
Dick Cheney - Criminal - Torture - War Crimes - Prisons - Law - Military - Intelligence - Politics - Corporate -Media - US -Iraq
"If Bush and Cheney Commit War Crimes and Everyone Knows It, But Does Nothing, Are They Still Crimes?" ... "As Jon Ponder noted here on Tuesday, a bi-partisan U.S. [United States] Senate panel has found [PDF] that [Republican President] George W. Bush was responsible for approving War Crimes (torture and abuse) at the Abu Ghraib prison in Iraq, [Republican Vice President] Dick Cheney admitted in a recent interview to helping to approve War Crimes (torture and abuse) in interrogations, and the corporate media --- with the lone exception of MSNBC --- have been virtually as silent on what may be the most offensive crimes ever committed by an Executive Branch in the U.S. as they were during the lead-up to and follow-through on the War on Iraq, when those same officials sent our nation into war on the basis of demonstrable lies." ... "George Washington University's highly-respected constitutional law professor Jonathon Turley, noting the War Crimes now known and admitted to by Bush and Cheney, asked Keith Olbermann Tuesday night, "If someone commits a crime and everyone's around to see it and does nothing, is it still a crime?"" ... "During the discussion, Turley mentioned --- no less than three different times --- that it'll be up to the citizens whether or not any action is actually taken to prosecute those who committed these crimes." ... ""It will ultimately depend on citizens, and whether they will remain silent in the face of a crime that's been committed in plain view," Turley suggested. "It is equally immoral to stand silent in the face of a war crime and do nothing, and that is what the citizens are doing."" ... "He went on to argue: "There's this gigantic yawn as we hear about a war crime on national television being discussed matter-of-factly by the Vice President."" -By Brad Friedman -BradBlog.com
WATCH "Countdown: Jonathan Turley and Bush Admin War Crimes." -Keith Olbermann via -FireDogLake'sYouTube
Bob Corker - Richard Shelby - Jim DeMint - Mitch McConnell - Foreign - Money - Politicians - Auto - Makers - Michigan - US - Workers - Emergency - Law - Tennessee -Alabama - Kentucky - South Carolina - Georgia - Japanese - German - South Korean
"Meet the GOP's [Republican's] wrecking crew: Why did a small group of Southern Republicans turn the auto bailout into a demolition derby? Introducing the senators who hate unions and love foreign cars." ... "On July 15, [Tennessee Republican Senator] Bob Corker was a happy man." ... ""I cannot think of a more exciting day, even more so than Election Night, for me," the Republican senator from Tennessee said in a conference call that day. The reason for his elation was the announcement that [German automaker] Volkswagen, lured by up to $500 million worth of incentives from the state government, had agreed to build a $1 billion plant near Chattanooga, Tenn. [Tennessee.] That is, not just in his home state, but in the suburbs of the city he once served as mayor." ... "Add VW [Volkwagen] to [Japan automaker] Nissan, which already has two plants and its North American headquarters in Tennessee, and you begin to see why Corker was so aggressive this month about trying to block -- or at least dramatically rewrite -- a proposal to float billions of dollars in emergency loans to domestic automakers. Most of the focus during this debate has been on lawmakers who represent Michigan, the home of the Big Three -- Ford, General Motors and Chrysler. But Corker represents the other side of the coin: Tennessee and other Southern states have recently come to depend on foreign automakers and their non-union factories. If you're from those parts, what's good for American car companies may no longer be what's good for the country -- because your economy now depends on their foreign competitors instead." ... "Expect to hear more not just from the very vocal Bob Corker, but from the rest of a core group of Southern senators whose bread is buttered by the Japanese, Germans and Koreans. Here's a guide to the major players."
"[Alabama Republican Senator] Richard Shelby, R-Ala. [Republican-Alabama]"
"Foreign auto plants: [German automaker] Mercedes-Benz, [South Korean automaker] Hyundai, [Japanese automaker] Honda"
"[South Carolina Republican Senator] Jim DeMint, R-S.C. [Republican-South Carolina]"
"Foreign auto plants: [German automaker] BMW [Bayerische Motoren Werke]"
"[Kentucky Republican Senator] Mitch McConnell, R-Ky. [Republican-Kentucky]"
"Foreign auto plants: [Japanese automaker] Toyota"
"[Tennessee Republican Senator] Bob Corker, R-Tenn. [Republican-Tennessee]"
"Foreign auto plants: Two [Japanese automaker] Nissan plants, as well as the company's U.S. [United States] headquarters; [German automaker] Volkswagen will open near Chattanooga [Tennessee] in 2011"
"As mayor of Chattanooga, he [Corker] reportedly conceived the idea for the site that will soon become home to the [German automaker] Volkswagen plant, and was instrumental in its development. He organized efforts to lure [Japanese automaker] Toyota to the area, and when that failed, he had VW execs [executives] and other top state politicians over to his house for dinner." ... "Georgia's two Republican senators, Saxby Chambliss and Johnny Isaakson, both voted against the plan as well. Their state has a big [South Korean automaker] Kia factory coming in soon." (1, 2) -By Alex Koppelman and Mike Madden with contributions by Vincent Rossmeier and Gabriel Winant -Salon
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Corporate - Television - Media - Politics
"If it’s Sunday, it’s still conservative." ... "In 2006, Media Matters conducted a study on Sunday political talk shows, finding that “Republicans and conservatives have been offered more opportunities to appear on the Sunday shows — in some cases, dramatically so.” From 2001 to 2005, conservative guests outnumbered progressives “by 58 percent to 42 percent.” Atrios notes that tomorrow’s shows will also be dominated by conservative guests:"
"7 Appearances by Republican current elected officeholders"
"3 Appearances by Democratic current elected officeholders."
"2 Appearances by Republican former elected officeholders."
"1 Appearance by a [Republican President] Bush Cabinet Secretary."
"T. Boone Pickens [former Republican swift boat contributor]"
"Ted Turner. "
" -ThinkProgress.org
Barack Obama - John Boehner - Karl Rove - 2008 Election - Media - Politics - Corporate - Healthcare - Ohio - US - Iraq - Global - Climate
"Sunday Roundup." ... "In the wake of [2008 Election Democratic President-Elect Barack] Obama's overwhelming victory, and Democratic gains in the House and Senate, conservatives are desperately trying to convince the world that these results are meaningless. "Democrats should not make the mistake of viewing Tuesday's results as a repudiation of conservatism," insisted [Ohio Republican Representative] John Boehner. "Barack Obama understands this is a center-right country," claimed Karl Rove. "This country remains every bit as center-right as it has for a generation," parroted Brent Bozell. And David Brooks dreamed of an Obama administration that understands "this was an election where the middle asserted itself." Drunk on self-delusion, a staggering GOP whistles past the electoral graveyard, missing the whole point of this election: the center has shifted, and positions that used to be considered "left-wing" -- on healthcare, on global warming, on corporate responsibility, on Iraq -- are now solidly mainstream." -By Arianna Huffington -HuffingtonPost.com
John McCain -Corporate - Government - Disaster - Politics - US_Debt - Healthcare - Social Security - Rights - Book -2008 Election
"Naomi Klein: Financial crisis part of Bush 'shock doctrine'." ... "The bailout of Wall Street’s largest players by the federal government is another example of the [Republican President] Bush administration pursuing a corporate agenda at the expense of average Americans, a prominent author argued on Friday." ... "In a Friday night interview on HBO's Real Time with Bill Maher, Naomi Klein said President Bush’s $700 billion proposal to rescue the financial sector stems from a profiteering streak that has dominated the last eight years." ... ""The disaster is far from over," Klein said. "The disaster was on Wall Street and they have moved the disaster to Main Street."" ... "Referring to the bailout, Klein said the "bomb has yet to detonate" and that the real crisis will strike when tax payers are overwhelmed when faced with the debt from the bailouts." ... "According to Klein, the bomb will detonate if Sen. John McCain becomes president and "rationalizes" that it is necessary to privatize government programs like social security and healthcare because neither the government nor Americans can afford them." ... ""The real disaster has yet to come; the real disaster is the debt that is going to explode on American tax payers," Klein said." ... "Klein’s book, "The Shock Doctrine: The Rise of Disaster Capitalism," outlines how crises, real or perceived, have been used by governments, especially the United States under George W. Bush, to strong-arm a disoriented citizenry into accepting changes to its rights, and its government, that it wouldn't otherwise accept." -By David Edwards and Andrew McLemore -RawStory.com
WATCH: Naomi Klein on Republican Bush's "Shock Doctrine"
Psychological - Classified
"Behind TV Analysts, Pentagon’s Hidden Hand." ... "To the public, these men [retired military officers] are members of a familiar fraternity, presented tens of thousands of times on television and radio as “military analysts” whose long service has equipped them to give authoritative and unfettered judgments about the most pressing issues of the post- [September] Sept. 11 world." ... "Hidden behind that appearance of objectivity, though, is a Pentagon information apparatus that has used those analysts in a campaign to generate favorable news coverage of the administration’s wartime performance, an examination by The New York Times has found." (1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, DOCUMENTS) -By David Barstow -NYTimes
WATCH - "How the Pentagon Spread Its Message." -By David Barstow -NYTimes
A-Z News Subjects
20090206
Henry Paulson - Corporate - Government - Politics - Florida
"TARP Shortchanged Taxpayers by $78 Billion, Watchdog Panel Says." ... "[United States] U.S. taxpayers are being shortchanged by about $78 billion through the Treasury Department’s bank bailout, the panel overseeing the program said." ... "The Treasury, when it was headed by [Republican President Bush's] Secretary Henry Paulson, received bank assets worth about $176 billion in exchange for capital purchases of $254 billion under the Troubled Asset Relief Program, the Congressional Oversight Panel said in a report today." ... "“The loss estimate is conservative,” said [Florida Democratic] Representative Alan Grayson, a Florida Democrat on the House Financial Services Committee. “It could turn out that those assets in the end are worthless. These are massive handouts to favored institutions to try to make up with taxpayer money the mistakes they made with investor money.”" ... "TARP [Troubled Asset Relief Program], which is part of the more than $9 trillion the government has pledged to rescue the financial system, has guaranteed $350 billion to banks so far, with another $350 billion set for use in coming months." -By Mark Pittman and Bob Ivry -Bloomberg
20090205
Pete Sessions - Terrorism - Politics - Legislator - TX
"Rep. Pete Sessions: Taliban is ‘a model’ for how GOP [Republican] can become an ‘insurgency.’." ... "In an interview with Hotline, [Texas Republican Representative] Rep. Pete Sessions (R-TX [Republican-Texas]) said the Republican party will have to be come an “insurgency” to counter Democratic majorities in the House and Senate, and added that the Taliban can serve as “a model”:"
"[Pete Sessions:] “Insurgency, we understand perhaps a little bit more because of the Taliban,” Sessions said during a meeting yesterday with Hotline editors. “And that is that they went about systematically understanding how to disrupt and change a person’s entire processes. And these Taliban — I’m not trying to say the Republican Party is the Taliban. No, that’s not what we’re saying. I’m saying an example of how you go about [sic] is to change a person from their messaging to their operations to their frontline message. And we need to understand that insurgency may be required when the other side, the House leadership, does not follow the same commands, which we entered the game with.” […]"
"When pressed to clarify, Sessions said he was not comparing the House Republican caucus to the Taliban, the Muslim fundamentalist group. “I simply said one can see that there’s a model out there for insurgency,” Sessions said before being interrupted by an aide."
"Sessions made a similar analogy last week at the House Republicans’ retreat, saying that Republicans “need to get over the idea that they’re participating in legislation and ought to start thinking of themselves as ‘an insurgency’ instead.”" -By Ali Frick -ThinkProgress.org
Barack Obama - Financial - Crisis - Government - Legislation
"Obama puts the heat on Republicans: He says the 'half steps' now urged by the GOP [GOP=Grand Old Party=Republican] for the stimulus bill are the same ideas that led to the financial crisis." ... "[Democratic] President Obama abruptly changed tactics Wednesday in his bid to revive the economy, setting aside his bipartisan stance and pointedly blaming Republicans for demanding what he cast as discredited "piecemeal measures."" ... "Obama's comments were a marked departure from the conciliatory tone he has maintained as he courted Republican votes for his stimulus package through compromise. Against the wishes of his own party, Obama crafted a plan that relied heavily on tax cuts rooted in Republican economic doctrine." ... ""Now, let me say this," Obama said. "In the past few days, I've heard criticisms of this plan that frankly echo the very same failed theories that helped lead us into this crisis in the first place -- the notion that tax cuts alone will solve all our problems, that we can address this enormous crisis with half steps and piecemeal measures and tinkering around the edges, that we can ignore fundamental challenges, like the high cost of healthcare, and still expect our economy and our country to thrive." ... ""I reject these theories," he continued. "And, by the way, so did the American people when they went to the polls in November and voted resoundingly for change."" ... ""A failure to act, and act now, will turn crisis into a catastrophe and guarantee a longer recession, a less robust recovery and a more uncertain future," he warned at another White House appearance." -By Peter Nicholas -LAtimes
20090204
Judd Gregg - Jack Abramoff - Corporate - Government - Legislative - Politics - Investigation - New Hampshire
"Former Gregg Aide Tied To Abramoff Scandal, Court Documents Report He Took Gifts In Exchange For Favors." ... "Earlier today, the AP reported that Kevin Koonce, who worked as Commerce Secretary-nominee [New Hampshire Republican Senator] Judd Gregg’s legislative director from 2002-04, “has been caught up in a long-running investigation into a Capitol Hill lobbying scandal.” Koonce “was cited in a guilty plea last week by Todd Boulanger, a former deputy to disgraced lobbyist Jack Abramoff,” as having taken gifts exceeding $10,000 in exchange for favors in spending legislation." ... "According to Boulanger’s plea documents, Koonce “tried to help insert spending measures and add other amendments to legislation for Boulanger’s clients.” At one point, Boulanger sent an e-mail to Abramoff saying that he was confident Koonce’s boss would help them out:"
"Later, Boulanger sent an e-mail to Abramoff expressing confidence that the senator [Republican Judd Gregg] for whom the staffer worked would give them a favor. “Easy money,” Boulanger wrote, adding that the aide “practically lives in our various suites. We are shady.”"
"As Raw Story notes, Gregg’s spokesman Joel Maiola said in 2006 that Gregg had “never had any contact” with Abramoff, despite his acceptance of donations from “two Indian tribes represented by Abramoff’s firm in 2002 and 2004.” Gregg reportedly donated the $12,000 to a New Hampshire-based charity." -By Matt Corley -ThinkProgress.org
20090202
Barack Obama - Judd Gregg - Corporate - Government - Seniors - Health - People - Accounting - History - NH
"Gregg Voted to Kill Commerce Before He Agreed to Lead It." ... "[Democratic] President Obama’s new candidate to run the Commerce Department voted in favor of abolishing the agency as a member of the Budget Committee and on the Senate floor in 1995." ... "[New Hampshire Republican Senator] Sen. Judd Gregg , R-N.H. [Republican-New Hampshire], whose nomination was expected to be announced Tuesday, also worked in the Senate to trim the department’s budget as head of the Commerce-Justice-Science Appropriations Subcommittee." ... "The Senate version of the controversial measure envisioned spending cuts of more than $960 billion, almost half of it from Medicare and Medicaid. Democratic efforts to amend it were uniformly rebuked by a united GOP [GOP=Grand Old Party=Republican] majority on the Budget Committee." ... "Gregg also fought [Democratic] President Bill Clinton’s efforts to increase funding for the Commerce Department to administer the 2000 census. Indeed, Gregg’s commitment to basic functions of the department has been questioned at times." ... "“I guess if you can’t destroy it, go be in charge of it,” said a Senate Republican aide." -By Jonathan Allen -CQPolitics.com
Barack Obama - Judd Gregg - Female - Employees - Pay - Legislation - Politics - History - Race - New Hampshire
"Kudos to Congress for equal pay vote." ... "The Lilly Ledbetter case is pretty straightforward. Ledbetter, an employee of Goodyear Tire and Rubber for nearly 20 years, was paid significantly less than her male co-workers for doing the same job." ... "Ledbetter filed a lawsuit against Goodyear after someone left an anonymous note in her mailbox telling her about the disparity." ... "The case wended its way to the United States Supreme Court, which found that employers are protected from lawsuits over race or gender pay discrimination if the claims are based on decisions made by the employer 180 days ago or more." ... "Seeing the inherent injustice in the letter of the law, Congress passed the Lilly Ledbetter Equal Pay Act last week. The act, which represented [Democratic] President Barack Obama's first bill signing, changes the law to begin a new 180-day statute of limitations with every paycheck." ... "New Hampshire [Republican Senator] Sen. Judd Gregg, however, voted against it, saying that while all Americans deserve "equal and fair treatment at the workplace," the bill "is really a boon for trial lawyers which dramatically broadens their ability to file lawsuits, regardless of how frivolous or whether their clients even personally experienced discrimination."" ... "That's disappointing." ... "Anytime politicians want to stand up for corporate America by opposing legislation that protects workers, they play the frivolous lawsuit card." ... "Sure, there are egregious cases where wayward juries give people ridiculous amounts of money for doing something they should have known better not to do (although those cases are often later settled for less or overturned on appeal)." ... "However, this isn't such a case, and Sen. Gregg should be able to come up with a better rationale for voting to deny thousands of Americans the opportunity to pursue equal pay for equal work." -NashuaTelegraph.com
20090128
Accounting - Politics - Government - Law - New York - Jobs
"What Red Ink? Wall Street Paid Hefty Bonuses." ... "By almost any measure, 2008 was a complete disaster for Wall Street — except, that is, when the bonuses arrived." ... "Despite crippling losses, multibillion-dollar bailouts and the passing of some of the most prominent names in the business, employees at financial companies in New York, the now-diminished world capital of capital, collected an estimated $18.4 billion in bonuses for the year." ... "That was the sixth-largest haul on record, according to a report released Wednesday by the New York State comptroller." ... "It excludes stock option awards that could push the figures even higher." ... "The state comptroller, Thomas P. DiNapoli, said it was unclear if banks had used taxpayer money for the bonuses, a possibility that strikes corporate governance experts, and indeed many ordinary Americans, as outrageous." ... "“The issue of transparency is a significant one, and there needs to be an accounting about whether there was any taxpayer money used to pay bonuses or to pay for corporate jets or dividends or anything else,” Mr. DiNapoli said in an interview." ... "According to Mr. DiNapoli, the brokerage units of New York financial companies lost more than $35 billion in 2008, triple their losses in 2007." ... "Outside the financial industry, many corporate executives received fatter bonuses in 2008, even as the economy lost 2.6 million jobs." -By Ben White with contributions by Paul J. Sullivan -NYTimes
Criminal - Home - Financing - Accounting - Law - Intelligence - History - Terrorism - Politics
"FBI saw mortgage fraud early." ... "The FBI [Federal Bureau of Investigation] was aware for years of "pervasive and growing" fraud in the mortgage industry that eventually contributed to America's financial meltdown, but did not take definitive action to stop it." ... ""It is clear that we had good intelligence on the mortgage-fraud schemes, the corrupt attorneys, the corrupt appraisers, the insider schemes," said a recently retired, high FBI official. Another retired top FBI official confirmed that such intelligence went back to 2002." ... "The problem, according to the two FBI retirees and several other current and former bureau colleagues, is that the bureau was stretched so thin that no one noticed when those lenders began packaging bad mortgages into bad securities." ... ""We knew that the mortgage-brokerage industry was corrupt," the first of the retired FBI officials told the Seattle P-I. "Where we would have gotten a sense of what was really going on was the point where the mortgage was sold knowing that it was a piece of dung and it would be turned into a security. But the agents with the expertise had been diverted to counterterrorism."" ... "Both retired FBI officials asserted that the [Republican President] Bush administration was thoroughly briefed on the mortgage fraud crisis and its potential to cascade out of control with devastating financial consequences, but made the decision not to give back to the FBI the agents it needed to address the problem. After the terrorist attacks of 2001, about 2,400 agents were reassigned to counterterrorism duties." ... "This mass reassignment was first chronicled by the Seattle P-I in the Terrorism Tradeoff, a series of investigative reports beginning in 2007 and stretching into 2008. That administration policy, the P-I reported, resulted in a dramatic plunge in FBI criminal investigations and referrals for prosecution. And recent data from Syracuse University researchers shows the problem has worsened." ... "Public statements by one high FBI executive shows that the bureau was well aware of the potentially devastating impact of rampant mortgage fraud at least five years ago. The executive ominously foretold the crisis in testimony before Congress." ... ""Based on various industry reports and FBI analysis, mortgage fraud is pervasive and growing," Chris Swecker, then assistant director of the criminal investigation division, said in October 2004 before the House subcommittee on housing and community opportunity." ... "Then Swecker made a chillingly accurate prediction of the coming mortgage meltdown and financial collapse:" ... ""The potential impact of mortgage fraud on financial institutions in the stock market is clear. If fraudulent practices become systemic within the mortgage industry and mortgage fraud is allowed to become unrestrained, it will ultimately place financial institutions at risk and have adverse effects on the stock market."" ... "Swecker went on to describe the scenario that ultimately wrecked financial havoc around the world: "Often mortgage loans sold in secondary markets are used by financial institutions as collateral for other investments. ... When loans sold in the secondary market default and have fraudulent or material misrepresentation ... these loans become a nonperforming asset, and in extreme fraud cases, the mortgage-backed security is worthless. Mortgage fraud losses adversely affect loan-loss reserves, profits, liquidity levels and capitalization ratios, ultimately affecting the soundness of the financial institution itself."" -By Paul Shukovsky with contributions by Daniel Lathrop -SeattlePI.NWsource
Food - Safety - Manufacturing - Company - Government - Law - Georgia
"FDA Alleges Company Knowingly Sold Peanut Products Containing Salmonella." ... "There is new information available about the recent salmonella outbreak linked to peanut butter from a plant in Georgia." ... "The Food and Drug Administration (FDA) said at least 12 times over the past two years the Peanut Corporation of America has knowingly sold products that had tested positive for salmonella." ... "The FDA also claimed the company did nothing to improve its manufacturing and sanitation practices after salmonella was found in its plant, and that is a clear violation of the law." ... "More than 500 people have gotten sick and the outbreak may have contributed to at least eight deaths. " -ByLee Sausley -KRISTV.com via -MSNBC
Digital - Television - Technology - Law - Wireless - Companies - Obama - Consumer
"Plan to delay U.S. switch to digital TV thwarted by Republicans." ... "An attempt to delay the U.S. [United States] switch to digital-only television transmission by four months has been scuttled by the House of Representatives." ... "House Republicans voted down a bill on Wednesday that would have postponed the latest date for the transition to digital broadcasting from analog until June 12. The changeover is set for [February] Feb. 17." ... "The majority of House members voted 258-168 in favour of the bill, but it required two-thirds support to pass." ... "Republicans oppose the delay because they say it would confuse consumers, burden wireless companies and would create added costs for broadcasters. [Democratic] President Barack Obama, Senate Democrats, and consumer advocates have said the delay is necessary to accommodate people who are unprepared." -AP via -CBC.ca
Financial - Accounting - Federal - Enforcement - Florida - NY - Pennsylvania - Idaho
"In Echoes Of Madoff, Ponzi Cases Proliferate." ... "Federal and state authorities are reporting a growing number of financial scams that echo the alleged Madoff fraud, as strapped investors seek access to their cash amid increasingly hard times." ... "At least six suspected multimillion-dollar fraud cases have emerged this month alone, many of them alleged Ponzi schemes, in which investors are lured by promises of lofty returns but are actually paid off from new victims' funds." ... "On Tuesday, authorities arrested Arthur Nadel, the missing Florida hedge-fund adviser, who was accused by federal authorities of defrauding clients of millions of dollars." ... "In the latest case to emerge, Nicholas Cosmo, a Long Island, N.Y. [New York], investment-firm owner, surrendered to federal authorities Monday." ... "The [Securities and Exchange Commission] agency, which doesn't keep an official count, brought at least 23 Ponzi cases last year, up from 15 in 2007. It has already filed four in 2009. That tally doesn't include actions on the state level, where allegations of securities fraud are routinely pursued." ... "Three weeks ago, the SEC [Securities and Exchange Commission] accused a Philadelphia[ Pennsylvania]-area investment fund manager, Joseph S. Forte, with running a Ponzi scheme since at least 1995 that claimed returns as high as 38% and raised $50 million." ... "Meanwhile, Idaho's securities regulators are investigating allegations by investors in Idaho Falls [Idaho] that they lost up to $100 million in an alleged Ponzi scheme by Daren Palmer, a local money manager." -By Steve Stecklow with contributions by Philip Shishkin and William M. Bulkeley -WSJ.com
20090127
Barack Obama - Government - Economics - Legislation - Poor - Unemployed - Consumer - Construction - Politics
"GOP [Republicans] may vote no, but economists back Obama stimulus." ... "Economists think the stimulus plan that the House of Representatives will vote on Wednesday, while far from perfect, will help stimulate the moribund U.S. [United States] economy." ... "There's no panacea for what ails the economy. A stimulus plan will work only in combination with other actions, such as more aid to the banking system to spark lending and boost consumer confidence, and the implementation of any plan will be as important as what's in it." ... "However, most leading economists who are experienced in public policy generally favor the stimulus plan that the House is considering because through it the government will step up spending at a time when private-sector spending has fallen off sharply." ... "The House legislation would erect four pillars of economic stimulus. It would provide income support to the poor and recently unemployed, distribute aid to state governments, seek relatively quick employment gains through public works spending and aim to spark consumer and business spending through targeted tax cuts." ... "Private-sector economists who support the stimulus plan say that it could be made better, and, yes, bigger." ... ""I would make the package bigger . . . increase the package to over $1 trillion," [Moody's chief economist Mark] Zandi said." -By Kevin G. Hall -McClatchyDC.com
Economics - History - Federal - Legislation - Politics
"Congressional Budget Office compares downturn to Great Depression." ... "The nation's current recession is likely to be the longest since World War II, and by some measures could be the worst since the Great Depression, a new Congressional Budget Office forecast said Tuesday." ... "Without a major economic stimulus plan, "the shortfall in the nation's output relative to its potential would be the largest – in terms of both length and depth – since the Depression of the 1930s," said new CBO Director Douglas Elmendorf in testimony prepared for the House Budget Committee." ... "The nonpartisan CBO is highly regarded by both parties." ... ""It could also be the deepest recession during the postwar period in terms of the difference between actual and potential output," Elmendorf said. By his estimates, output over the next two years will average 6.8 percent below normal." -By David Lightman -McClatchyDC.com
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20090128
Sweden - Military - Switzerland - Politics - US - Media - Entertainment -
"Alba schools Fox’s O’Reilly in WW II history." ... "Jessica Alba is setting the record straight: Sweden was neutral during World War II." ... "Alba and Fox TV show host Bill O’Reilly traded punches last week after the presidential inauguration. After Alba told a Fox reporter that O’Reilly was “kind of an a-hole;” he retaliated by calling her a “pinhead” for telling a reporter to “be Sweden about it,” assuming she meant Switzerland." ... "“I want to clear some things up that have been bothering me lately,” Alba blogged on MySpace Celebrity. “Last week, Mr. Bill O'Reilly and some really classy sites (i.e.TMZ) insinuated I was dumb by claiming Sweden was a neutral country. I appreciate the fact that he is a news anchor and that gossip sites are inundated with intelligent reporting, but seriously people... it's so sad to me that you think the only neutral country during WWII was Switzerland.”" ... "Although Switzerland is more frequently cited as an example of neutrality, Sweden did indeed follow a policy of neutrality during World War II. History point to Alba." -By Courtney Hazlett -MSNBC
20090126
Iceland - Economic - Crisis
"Crisis claims Icelandic cabinet: Iceland's coalition government has collapsed under the strain of an escalating economic crisis." ... "Conservative Prime Minister Geir Haarde announced the resignation of his cabinet, after talks with his Social Democratic coalition partners failed." ... "He said he could not accept the Social Democrats' demand to lead the country." ... "Iceland's financial system collapsed in October under the weight of debt, leading to a currency crisis, rising unemployment and daily protests." ... "The economy is forecast to shrink by almost 10% this year." ... "The coalition between Mr Haarde's Independence Party and Foreign Minister Ingibjorg Gisladottir's Social Democratic Alliance had been under strain in recent months." ... "It emerged that the country's banks, which had amassed debt during years of rapid expansion, owed about six times the country's economic output." ... "Money from around the world had also poured into Iceland because interest rates there exceeded 10%." ... "Mr Haarde's government responded to the financial collapse by nationalising leading banks. It also negotiated about $10bn in loans with the International Monetary Fund and donor countries. " -BBC.co.uk
20090121
Auto - Manufacturing - Business - History - Michigan - US - Japan - Global
"GM loses global sales crown after 77 years." ... "[United States] General Motors Corp reported an 11 percent drop in global sales in 2008, allowing rival [Japan] Toyota Motor Corp to surpass it as the world's largest automaker for the first time." ... "GM [General Motors], now struggling to restructure under a $13.4 billion U.S. [United States] government bailout, had held the title as the global auto industry leader for 77 years and used the line in marketing." ... "But for 2008, Detroit[ Michigan]-based GM said sales tumbled to 8.35 million vehicles, pressured by tightening credit and a slowdown that began in the United States and spread to emerging markets where GM has been stronger." ... "GM, which faces an end-March deadline to demonstrate to U.S. officials that it can be made viable, has a market capitalization of just under $2 billion." ... "Toyota has a market value of about $117 billion." (1, 2) -By Kevin Krolicki with contributions by Poornima Gupta, Soyoung Kim, Maureen Bavdek and Matthew Lewis -Reuters
Barack Obama - US - China - Language - Politics - History
"China censors parts of inaugural speech." ... "The offending line [to Chinese censors listening to United States Democratic President Barack Obama's inauguration speech] was this: "Recall that earlier generations faced down fascism and communism not just with missiles and tanks, but with sturdy alliances and enduring convictions."" ... "Later, the president said: "To those who cling to power through corruption and deceit and the silencing of dissent, know that you are on the wrong side of history, but that we will extend a hand if you are willing to unclench your fist."" ... "Chinese translations of the speech published Wednesday omitted that line and the earlier one on communism. The government, however, has allowed the full English text to be published." -By Edward Wong -IHT.com
Barack Obama - Federal - Military - Prison - Terrorism - Law - Politics - US - Guantanamo - Cuba - Canada
"Obama Seeks Halt to Legal Proceedings at Guantanamo." ... "In one of its first actions, the [Democratic President] Obama administration instructed military prosecutors late Tuesday [January 20, 2009] to seek a 120-day suspension of legal proceedings involving detainees at the naval base at Guantanamo Bay, Cuba -- a clear break with the approach of the outgoing [Republican President] Bush administration." ... "The instruction came in a motion filed with a military court in the case of five defendants accused of organizing the Sept. 11, 2001, attacks on the United States. The motion called for "a continuance of the proceedings" until May 20 so that "the newly inaugurated president and his administration [can] review the military commissions process, generally, and the cases currently pending before military commissions, specifically."" ... "The same motion was filed in another case scheduled to resume Wednesday, involving a Canadian detainee, and will be filed in all other pending matters." ... "Such a request may not be automatically granted by military judges, and not all defense attorneys may agree to such a suspension. But the move is a first step toward closing a detention facility and system of military trials that became a worldwide symbol of the Bush administration's war on terrorism and its unyielding attitude toward foreign and domestic critics." ... "The Supreme Court ruled that, contrary to [Republican President Bush] administration claims, detainees at Guantanamo were entitled to challenge their detentions and that the naval base was not beyond the reach of federal law." ... "Eventually more than 550 detainees were released; only three were ever put on trial and convicted." -By Peter Finn -WashingtonPost
20090114
Torture - War Crimes - Government - Military - Terrorism - Intelligence - Detainees - Medical -Human - Rights - Law - Inpector - US - Guantanamo Bay - Cuba - Saudi
"Detainee Tortured, Says U.S. Official: Trial Overseer Cites 'Abusive' Methods Against 9/11 Suspect." ... "The top [Republican President] Bush administration official in charge of deciding whether to bring Guantanamo Bay [Cuba] detainees to trial has concluded that the [United States] U.S. military tortured a Saudi [Arabia] national who allegedly planned to participate in the [September] Sept. 11, 2001, attacks, interrogating him with techniques that included sustained isolation, sleep deprivation, nudity and prolonged exposure to cold, leaving him in a "life-threatening condition."" ... ""We tortured [Mohammed al-]Qahtani," said Susan J. Crawford, in her first interview since being named convening authority of military commissions by Defense Secretary Robert M. Gates in February 2007. "His treatment met the legal definition of torture. And that's why I did not refer the case" for prosecution." ... "Crawford, a retired judge who served as general counsel for the Army during the [Republican President] Reagan administration and as Pentagon inspector general when Dick Cheney was secretary of defense, is the first senior Bush administration official responsible for reviewing practices at Guantanamo to publicly state that a detainee was tortured." ... "Crawford, 61, said the combination of the interrogation techniques, their duration and the impact on Qahtani's health led to her conclusion. "The techniques they used were all authorized, but the manner in which they applied them was overly aggressive and too persistent. . . . You think of torture, you think of some horrendous physical act done to an individual. This was not any one particular act; this was just a combination of things that had a medical impact on him, that hurt his health. It was abusive and uncalled for. And coercive. Clearly coercive. It was that medical impact that pushed me over the edge" to call it torture, she said." ... ""I sympathize with the intelligence gatherers in those days after 9/11, not knowing what was coming next and trying to gain information to keep us safe," said Crawford, a lifelong Republican. "But there still has to be a line that we should not cross. And unfortunately what this has done, I think, has tainted everything going forward."" ... "Crawford said she believes that coerced testimony should not be allowed. "You don't allow it in a regular court," said Crawford, who served as a judge of the United States Court of Appeals for the Armed Forces from 1991 to 2006." ... "In May 2008, Crawford ordered the war-crimes charges against Qahtani dropped but did not state publicly that the harsh interrogations were the reason. "It did shock me," Crawford said. "I was upset by it. I was embarrassed by it. If we tolerate this and allow it, then how can we object when our servicemen and women, or others in foreign service, are captured and subjected to the same techniques? How can we complain? Where is our moral authority to complain? Well, we may have lost it."" ... "The harsh techniques used ag