Archive for September 22nd, 2008

By- Suzie-Q @ 8:45 PM MST

Nice Bailout. Now Pay For It!

How are we going to pay for Wall Street’s $700 billion rescue?

By Daniel Gross | NEWSWEEK

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The Sarah Palin Effect

By- Suzie-Q @ 7:30 PM MST

The Palin effect

Mon Sep 22, 2008 at 07:00:26 PM PDT

PPP teases us about their Colorado poll tomorrow, giving us a “clue”:

Date                   9-9     9-21
Palin Favorability 41/38   38/47
Spread Obama +1   ?

What’s PPP getting at here? Obviously, that a  -12 point collapse in Palin’s net favorability will have an impact on McCain’s numbers.

Again, for those who counseled leaving Palin alone because she was too popular and because it took attention off McCain, had we done so, she’d be entrenched as a woman of the people, propping up the Republican ticket. Instead, she’s been relegated to the far less glamorous (and helpful) task of keeping the GOP base intact, nothing more. She may be popular with the base, but people outside wingnut circles aren’t impressed.

With Palin neutralized (and there’s a reason they’re hiding her from view), it’s much easier to knock down McCain on the economy, his desire to deregulate healthcare just like Wall Street, his lies, and so on.

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Court Has Ordered Release Of Pentagon Prisoner Abuse Photos

By- Suzie-Q @ 5:45 PM MST

Court orders release of Pentagon prisoner abuse pics

Raw Story- Nick Juliano
Published: Monday September 22, 2008

A federal appeals court on Monday ordered the Bush administration to hand over photos depicting abuse of prisoners held by the US military in Iraq and Afghanistan, handing the American Civil Liberties Union a victory in an ongoing public records lawsuit filed against the Pentagon.

“This is a resounding victory for the public’s right to hold the government accountable,” ACLU staff attorney Amrit Singh, who argued before the court, said in a news release. “These photographs demonstrate that the abuse of prisoners held in U.S. custody abroad was not aberrational and not confined to Abu Ghraib, but the result of policies adopted by high-ranking officials. Their release is critical for bringing an end to the administration’s torture policies and for deterring further prisoner abuse.”

The ACLU filed a Freedom of Information Act request for the photographs in 2003 and took the government to court after the Department of Defense failed to comply, arguing that releasing the photos would violate its obligations to prisoners under the Geneva Conventions.

It is not clear whether Monday’s decision by the Second Circuit Court of Appeals, based in New York, will bring the requested photos to light immediately. An ACLU attorney tells RAW STORY the group doesn’t know what administration’s next steps will be, but the governemnt may request an en banc review by all 12 judges on the appeals panel or it could take its case all the way to the Supreme Court.

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Dirty Secret of the Bailout: 32 Words

Posted by Basheert @ 1:24pm via Huffington Post

A critical – and radical – component of the bailout package proposed by the Bush administration has thus far failed to garner the serious attention of anyone in the press. Section 8 (which ironically reminds one of the popular name of the portion of the 1937 Housing Act that paved the way for subsidized affordable housing ) of this legislation is just a single sentence of thirty-two words, but it represents a significant consolidation of power and an abdication of oversight authority that’s so flat-out astounding that it ought to set one’s hair on fire. It reads, in its entirety:

Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency.

In short, the so-called “mother of all bailouts,” which will transfer $700 billion taxpayer dollars to purchase the distressed assets of several failed financial institutions, will be conducted in a manner unchallengeable by courts and ungovernable by the People’s duly sworn representatives. All decision-making power will be consolidated into the Executive Branch – who, we remind you, will have the incentive to act upon this privilege as quickly as possible, before they leave office. The measure will run up the budget deficit by a significant amount, with no guarantee of recouping the outlay, and no fundamental means of holding those who fail to do so accountable.

Read the rest here

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By- Suzie-Q @ 12:05 PM MST

McCain’s Latest Stupid Obstinacy Could End the Election Today (w/Digg Link)

Sun Sep 21, 2008 at 10:43:50 PM PDT

Make no mistake that if this goes viral, which it should and probably will since it was on CBS, that the election could be over tomorrow.

The reason for the dramatic title will be justified after you not only read this, but also watch last night’s 60 Minutes over and over again in total shock and disbelief.

After placing himself as the Greatest Gaffer of All-Time, John McCain may have finally showed how improper that moniker is for him. Because it becomes more than just uttering a state of gaffes after gaffes each day: It is a consistent mental condition of being “Out of touch”, stubborn, idiotic, and a massive health concern to the citizens of this country.

Especially after this comment that will basically have every Republican, even the most staunchest supporter of McCain’s in Oklahoma, question if they want to vote for this man.

From Satyam at Think Progress, that user reports something from 60 Minutes tonight that is of the level of extreme “Regress.”

Q: In 1999, you were one of the senators who helped pass deregulation of Wall Street. Do you regret that now?

McCAIN: No. I think the deregulation was probably helpful to the growth of our economy.

McCain talks about Obama being reluctant to admit that “The Surge worked,” and so does the dummies in the media. But that of course is nowhere near the irrational and downright scary display of stubborness from the Arizona Senator yet again (and of course, Obama has been right in being “stubborn”). His flip-flops this week, and then refusal to even say for a moment he “regretted passing the bill” in order to not show weakness on 60 Minutes tonight displayed how unbelivably weak as a candidate for President of the United States of America (and as a human being) this man has become over the course of this year (and the several previous ones).

Make no mistake that if this goes viral, which it should and probably will since it was on CBS, that the election could be over tomorrow.

And in fact, after it should have been over long before, it maybe will be over, now.
Digg this (Thanks to AvoMonster for this)

Update:From sliverwink’s diary, he/she has Obama’s new Ad slamming McCain on health care. Please post about that there. And the transcript will come later over there and here.

It’s devastating, though I would love to see an Obama about this diary/thread’s main theme.

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Afternoon Jukebox… Rock The Casbah

By- Suzie-Q @ 12:00 PM MST

The Clash – Rock The Casbah

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Emmys: Tina Fey Wants To Stop Playing Sarah Palin

By- Suzie-Q @ 10:15 AM MST

Tina Fey and Alec Baldwin- Reuters

Tina Fey and Alec Baldwin- Reuters

Tina Fey’s Emmy Night: Humble, Wants To Stop Playing Sarah Palin

September 22, 2008 08:07 AM EST | AP

LOS ANGELES — Isn’t it just like Tina Fey to have something go haywire on the night she’s recognized for her many talents?

“If anyone’s seen my purse,” Fey announced to reporters backstage after winning three Emmys, “I left it under my seat.”

It might have been the first thing the “30 Rock” mastermind did wrong all night after picking up trophies for outstanding comedy writing, comedy series and lead actress in a comedy.

When prodded by reporters, she humbly dodged praise and questions about her contributions.

“I think our cast is diverse and talented,” she said in one breath.

“We’ve had the greatest guest stars,” she said in another.

“Alec (Baldwin) elevates the show to another level with his abilities,” she said.

She even shrugged off her resemblance to Gov. Sarah Palin, whom she won raves for portraying on the season premiere of NBC’s “Saturday Night Live.”

“But then my kid saw her on TV and said, `That’s Mommy!'” she said.

She was more open about her thoughts on reprising the “SNL” role. As in, she’d prefer not to.

“I want to be done playing this lady Nov. 5,” she said. “So if anybody can help me be done playing this lady Nov. 5, that would be good for me.”

Television comedy’s Jill-of-all-trades has always been self-deprecating, mining her apparent struggle with life’s chaos for her character on “30 Rock,” her self-portrayal in a new series of American Express commercials and the persona she presents to the public.

But to win TV’s top honors for creating, writing and starring in her own television show might’ve been more than even Fey can deflect. When cornered to say how she felt about the different Emmys, she finally turned off the modesty. Kinda.

“They look identical,” Fey quipped. “Alec was just saying to me backstage that maybe this means I can now stop apologizing for being an actor and writing on the show. The one for the show, that really belongs to everybody, so I don’t like it as much.”

During his acceptance speech for lead comedy actor for “30 Rock,” Baldwin noted that Fey was this generation’s Elaine May, the director, screenwriter and actress who famously partnered with Mike Nichols onstage.

“We have the greatest writers, but the show was created by one woman,” Baldwin said backstage. “This was Tina’s idea. This was Tina’s thing. She is the head writer. She is there every day, even when she’s not shooting as an actress. She goes back and forth between acting and writing. We’re very, very lucky.”


NBC is owned by General Electric Co.


On the Net:


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posted @ 18:10 BST

Naomi Klein, author of the book “The Shock Doctrine,” was a guest on Bill Maher’s HBO Show, “Real Time.” Klein’s book posits that certain people often like when there is a disaster because it allows them to rationalize making radical and unpopular changes that normally the citizenry would not go for. She discusses her theory of “disaster capitalism” within the context of the current economic crisis.

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The Paulson Plan

posted @ 18:00 BST

“I deserted Colonel Hamilton, or rather Colonel Hamilton deserted me; in a word, the divergence between us took place from his wishing… to administer the Government into what he thought it ought to be…” Representative James Madison

Constance Lavender | OEN | September 21, 2008

He is the most powerful United States Secretary of the Treasury since Alexander Hamilton.

NEWSWEEK has dubbed him “King Henry.” On Sunday September 21, 2008 he appeared on: ABC’s This Week, CBS’s Face the Nation, FOX News Sunday, and NBC’s Meet the Press.

Last Thursday evening, Henry M. Paulson, Jr. summoned together the leaders of both the US House of Representatives and the United States Senate.

Sources familiar with the meeting said Paulson stunned the federal government’s legislative leaders with sobering news: if the Congress did not act promptly, the US economy would fail.

There was, according to Paulson, no other alternative. His proposal: a trillion dollar bailout of both domestic and foreign financial institutions holding illiquid assets, many tied to bad real estate mortgage deals in the United States.

It is the largest government intervention in United States history. It is certainly the largest government intervention in the private business sector since the Great Depression.

It is unprecedented and it is a huge gamble: Paulson believes the trillion dollar bailout backed by American taxpayer money will save not just the US economy, but the country as we know it.

Although no one can be certain of the result, one thing is for sure: Paulson’s Plan will forever change the United States of America for better or worse. (more…)

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Obama Statement on the Bailout

Democratic presidential nominee Senator Barack Obama (D-IL) speaks during a rally in Charlotte, North Carolina September 21, 2008. (REUTERS/Chris Keane)

Democratic presidential nominee Senator Barack Obama (D-IL) speaks during a rally in Charlotte, North Carolina September 21, 2008. (REUTERS/Chris Keane)

posted @ 17:40 BST

Remarks of Senator Barack Obama as Prepared for Delivery, Charlotte, North Carolina, Sunday, September 21, 2008

The news of the day isn’t good.

The era of greed and irresponsibility on Wall Street and in Washington has led us to a perilous moment. They said they wanted to let the market run free but instead they let it run wild. And now we are facing a financial crisis as profound as any we have faced since the Great Depression

But here’s the truth:

Regardless of how we got here, we’re here today. And the circumstances we face require decisive action because your jobs, your savings, and your economic security are now at risk.

We must work quickly in a bipartisan fashion to resolve this crisis to avert an even broader economic catastrophe. But Washington also has to recognize that economic recovery requires that we act, not just to address the crisis on Wall Street, but also the crisis on Main Street and around kitchen tables across America.

As of now, the Bush Administration has only offered a concept with a staggering price tag, not a plan. Even if the U.S. Treasury recovers some or most of its investment over time, this initial outlay of up to $700 billion is sobering. And in return for their support, the American people must be assured that the deal reflects the basic principles of transparency, fairness, and reform. (more…)

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