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Breaking. and this is an ongoing story that reminds me so much of the Russian coup against Gorbachev that looked so frightening at first, then the coup leaders were all found locked in a room, half naked, drunk off their asses. What bumblers…
We had three scandals in three days…
- AP Reporters getting wiretapped.
- IRS searching up Tea Partiers…
Turns out none are scandals.
A) Obama and Hillary are absolved from the Benghazi episode. The ABC email that started it all, was doctored. The whole thing was built off a piece of misinformation.
B) The AP Reporters? A very serious leak compromising considerable resources needed to be tracked down. The House Bill which would have made listening to journalist illegal was voted against by none other than Darral Issa.. Only 20 others were extremely discombobulated enough to do so. Though is passed overwhelmingly over Issa’s objection, a Republican filibuster killed it in the Senate. Obama then a Senator, had committed to voting for it. ”Republicans killed it” quoted Patrick Leahy, forever known for his episode in Dark Knight.
C) IRS searching up Tea Partiers. The IRS is a non partisan machine and is in a complete disconnect with any administration. The head of the IRS during this time-frame was a Bush appointee. The head of the division what oversees these tax exempt organizations, was appointed by Bush and approved by the Republican Senate in 2005… Why either of these would target the Tea Party for political means is unfathomable. But to do so because these organizations being investigated were formed to promote the NOT PAYING OF TAXES….. well, wouldn’t you do the same?
All three cases were complete duds. There was no “there”, there. All the prophecies of you had better watch out, …were premature.
The big question is… why are we even talking about this? Can you say poll results?
- December 12, 2012: Kentucky: Hillary Clinton would beat Paul, Rubio in 2016
- January 10, 2013: Clinton could be unstoppable if she runs in 2016
- January 17, 2013: Clinton could beat Bush and Rubio in Florida in 2016
- January 31, 2013: Clinton could win Texas in 2016
- February 8, 2013: Clinton potentially competitive in Alaska
- February 14, 2013: Clinton tied or ahead against GOP candidates in Louisiana
- February 28, 2013: Clinton would beat Walker, Ryan in Wisconsin in 2016
- March 21, 2013: Clinton’s popularity soars in Florida while Rubio stumbles
- April 11, 2013: Clinton and Paul are neck and neck in Kentucky
- April 25, 2013: Clinton would be dominant in New Hampshire in 2016
- May 8, 2013: Republicans decide it’s time to find out just how responsible Hillary Clinton is for the deaths of four Americans in Benghazi
Can you say …. “getting trounced in Red States”?
Duffy is God’s answer to a prayer.. I miss the old days of blogging when we were debating principals instead of people… Duffy has stuck to the old line of debating principals with facts, and that is what makes him special in the eyes of bloggers everywhere…
Since the passing of Steve Newton, he has been the only one to challenge me in any argument, and usually some pretty good stuff comes out of both sides during the exchange… I have respected that.. Cause once again, opinions mean dick. Facts are what we steer by.. It is my hope that in responding to his challenge that an answer may make itself apparent.. Who knows? It may not come from me… But if I’m the catalyst for bringing it out in the open, then… none of this was in vain..
Why I like to debate Duffy is simple.. Neither side, he or I, is concretely set in their opinions… We accept it when the other side makes sense… I usually go into such debates having no idea where they’ll end up… I hope the rest of you enjoy the ride as welI….
Duffy leads: Wall Street’s problems were caused by Fannie and Freddie loaning money to people they knew couldn’t pay and moreover, forcing banks to lend money to people who couldn’t pay. That was not deregulation but misregulation
kavips rebutt’s:Uh… Mr. President. That’s not entirely accurate.
First off, the Community Reinvestment Act of 1977 was developed for, and locked in on, urban developmental areas and had no part of the subprime boom, which primarily occurred out in western desert regions where owning 4 to 5 investment homes was normal… Those homes were overwhelmingly funded by loan originators NOT SUBJECT to the act… We all know the crises was not because people couldn’t afford a payment on their house. It came about, because with no occupants, people could not afford the payments of 4 to 5 houses….. Instead of one loan per borrower turning up in default; four to five were.
Second off, The housing bubble reached its point of maximum inflation in 2005.
Courtesy of NYT
Third off, During those exact same years, Fannie and Freddie were sidelined by Congressional pressure, and saw a sharp drop in their share of loans secured by the Feds… Follow the dotted line on the very bottom of the graph…
Courtesy of NYT
Fourth off; During those exact same years, private secures, like Delaware’s own AIG, grabbed the lions share of the market.
Courtesy of NYT
Remember these graphs for later on when I discuss the results of deregulation, versus regulation… But like it or not, these graphs conclusively show that private insurers, who thanks to Marie Evans, we now know were deregulated by Phil Gramm in the 2000 Omnibus Bill, were the primary cause of the worlds financial collapse.. Probably put best by these words of AIG’s spokesperson, who when asked why they didn’t have sufficient funds to cover losses, said point blank, “We were deregulated. We were no laws requiring us to keep any funds, ..so we spent it…”
Duffy leads: The loosely regulated hedge funds escaped this mess largely unscathed. Why? They can’t count on a bailout like the big banks. The Too Big To Fail banks were counting on a bailout (not unlike the S&L bailouts which started on the Republican’s watch) and they got them.
kavips rebutt’s:Uh… Mr. President. That’s not entirely accurate. I agree that the hedge funds did survive better than the banks. Not because of bailouts, but because they sold short during the crises and made billions while firms closed and people got thrown out of work. There is nothing wrong with that; I did the same. In fact close readers may remember my warnings that the crises was impending almost a year earlier. Very close readers may remember my telling them exactly when to sell, and at what point the stock market would rebound… I must say: I called it rather well.
“Hedge funds were not in my understanding, at fault in the credit crisis,” said David Ruder, former chairman of the Securities and Exchange Commission. “At the most what they did was to sell securities when some of their investments were declining and they needed to have liquid funds. They were not the architects of these problems.”
De regulated hedge funds are not the issue… De-regulated, excessively leveraged, mortgage securities, are a different story however… They, not the banks that held them, are the cause of the crises…Years from now, when academics search for causes of the stock market crash of 2008, they will focus on the pivotal role of mortgage-backed securities. These exotic financial instruments allowed a downturn in U.S. home prices to morph into a contagion that brought down Bear Stearns a year ago this month – and more recently have brought the global banking system to its knees.
Where you err is when you state that banks too big to fail, assumed they would be bailed out… By implication, you say imply they failed from squandering money, and wanted the bailouts.. But your tax dollars didn’t flow directly to the bottom line.
The roughly $200 billion the Treasury Department has handed out to battered banks was swapped for a special class of stock that pays a 5 percent dividend (rising to 9 percent after five years.) As of April 15, the Treasury had collected about $2.5 billion in dividend payments on its investment.
So in that sense, the bailout money represents an expense for banks. That’s one reason a number of banks have said they want to give the money back as soon as possible.
You say big banks were counting on a bailout, and they got them? That didn’t happen to these banks. New Mexico, Georgia, and Florida each lost a bank just last Friday. That brings to 8, the number of banks failed in June. Unfortunately if a bank is failing, it can’t bet on itself to fail, as can a hedge fund.
Duffy leads: Banks have successfully lobbied to get their losses absorbed by taxpayers and gains are kept private. How nice for them. They felt comfortable making insane gambles because they knew they’d be bailed out. Most of them were right. Also remember that it was Bill Clinton who tore down the wall between retail and investment banking. The idea was to give banks more stability as they typically perform as exact opposites in bull and bear markets. (FWIW, I think that was a good idea and I can tell you first hand that two of the Fortune 100 banks I worked for were carried by retail banking in bear years. They may not have had bonuses those years but they didn’t have layoffs either)
kavips rebutt’s:Uh… Mr. President. That’s not entirely accurate. The idea is that the banks made bad decisions knowing taxpayers would bail them out is the issue that is inaccurate. For the record, I have no qualms that it was the Clinton legacy who tore down the wall between banks and investment banking. Like you, I feel it was a good idea to do so… Again the problem was not primarily with banks making loans to people who could not pay.. Although, it was as late as October 2009, when I was made aware of one private Bank in Denver still exaggerating income to make loans look good enough on paper to get approval of securitization. What caused the collapse was the leveraging of those loans as securities, so that as the housing market became overextended, and the ARM jumped past the low cost opening years, the damage was 100 times worse because of leveraging. What made the collapse criminal, was that the insurance most financial institutions had bought from AIG, to cover such an improbable event, had already spent by that companies executives, out on bonuses to themselves. What made it doubly criminal, was that when they received government dollars through a taxpayer bailout, those same executives assumed it was to first go towards paying their bonuses again. However, very recent events may give some cover to the argument that some collusion was implicit in the bailing out of Goldman Sacs and AIG… Basically, once bailed out, AIG paid Goldman Sacs for shares twice as much as they were worth. The documents also indicate that regulators ignored recommendations from their own advisers to force the banks to accept losses on their A.I.G. deals and instead paid the banks in full for the contracts.
The health care legislation is about to go through… It will be the first time that Insurance Companies come under government control. That is worthy of celebration.
There are some real improvements over what we had… There are also some disappointments over what could have been… True, we will be paying more than we could have, because of the removal of the Public Option…. But, no longer will we be dropped because of a medical condition… “Oh you’re sick now? Good bye… Thanks for all your previous payments…”
There are some Democrats who will have to answer accusations of being sold out…. Maybe one of our own?
But, what is done is done… Just as the Cowboys whipped ass on Philadelphia last Sunday, we can’t change it.. All we can do is look forward to seeing the tables turned this week, when it counts…. or not…
But, what is done is done… Applying pressure on Tom Carper was good when it counted. Applying that same pressure now, is nothing more than a late hit, and should be called as such by the officials. After the whistle gets blown, it is universally considered wrong to tackle a player… No matter how mad you are at him….
We need to come together… So wrapped up are we in our own battles between Progressives and Blue Dogs, that we forget the real enemy who desires to destroy America is hiding in the trees and working their way around the fort..
That is the Republicans… They are the ones who destroyed America, and Democrats are the ones who fought them every step of the way. We can never forget what they did to every American’s life…. This vile vermin that infests our media today, is manifest in spreading its vision of disease and decay.
Wait a second… they’re not vile… Mike Castle is a nice guy!
He may be a nice guy… but he is still a Republican…. He voted 65% with Bush…
Bush? Bush who?
Bush is the person who fought a war in which Americans died for oil.
Bush is the person who bankrupted our nation by spending every dollar of the surplus and then ran our nation on deficit spending for 8 years…Let our children pay for it!
Bush is the person who pushed the Medicare Reform that first tripled the cost of pharmaceuticals and then reimbursed drug companies three times over what the drugs originally were worth.
Bush is the person who deregulated our finance industry, so it collapsed on his watch.
Bush is the person who sent your manufacturing jobs overseas.
Bush is the person who tried to remove your social security.
Bush is the person who tried to get rid of Medicare.
Bush is the person who came close to nuking Iran.
Bush is the person whose policy made the US hated around the world.
Bush is the person who destroyed the economy…
And Mike Castle was behind him every step of the way…
Sure Mike Castle is a nice man… but he is still a Republican… Which means he will not be voting for you…
As mentioned earlier, he voted 65% with Bush… Since the Republicans got thrown out, he has voted 85% with those few Republicans left… Yes, he’s one of those same guys who destroyed this country once… and insists on destroying it again… Republicans are the vilest of vermin and he votes with them…
Delaware: you have a choice. You can vote for a nice guy who made your quarters interesting. Or you can vote for a Democrat who by taking on the insurance, pharmaceutical, medical, petroleum, natural gas, coal, and power companies, can put another $160 bucks a month into your pocket…..
Only a Democrat can do that… Even one that has not been elected before.. Because of what Republicans have done to America, any Democrat is better than a republican ever could be, when it comes to Congress…
WE, the People, can never forget what those traitors did to our country…..
Never…. They are cowards when it comes to facing down the wealthy… They are soft when it comes to corporate crime… They are useless when it comes to making our lives better…
We can never forget that. Never. Not only is it our prerogative, but it is our duty, … to never shut up about what they did.
Photo Courtesy of CBC
I was debating to fight the urge or not….I had just learned that the National Enquirer had leaked (yeah right) that Sarah Palin had an affair with her husband’s business partner in his private car-wash deal…
She has left the mainland and is in Alaska for a week her publicist says…
I noticed that no one else had published anything on either side of the issue, and was debating titling a post beginning with the word “breaking”.
Normally I skip over those “breaking” posts, but everything about Sarah is news; (did I mention she was hot).
Whoa… This sounds like me I first thought… It certainly uses the argument I firmly fought for when Americas thought sex acts were a cause for impeachment…..
And it dawned on me… I really don’t care who Sarah went down on before she was a government official… If she can govern adequately, more power to her… If she can govern superlatively, then I would recommend even more promiscuity…. If a video turns up, and she donates the proceeds to diminish the Federal Debt, I hope it goes global… If she can spend a night with billionaires willing to fork up 100 billion towards our debt, more power to her…..
Of course…I’m exaggerating… But I can get away with it because she is so hot. Imagine it I said the same thing with McCain as the subject….(Block visual image)…
But what goes on in her husband’s friend’s car or bedroom does not help me pay for the high cost of energy; it does not help me pay for insurance’ it does not help me pay for prescriptions; it does not help me pay for food; it does not help me pay for sewage; it does not help me pay for taxes…..
So her sexual escapades, although titillating (did I mention she was hot) have no relevance on whether my life continues to get better…. or worse….
So what are her plans to lower insurance. What are her plans to lower prescription costs? What are her plans to reduce our debt payments to foreign nations? What are her plans to make us an exporter nation again? What are her plans to give me more disposable income than I have today?
“Call-it” is right… We bloggers (both sides) are the leading intellectual source of information in this state…. If we put first graders in a class about sexual promiscuity, they will learn about sexual promiscuity…Teach them about “the fun stuff”, and they will learn… It is the teachers who control the curriculum…. They have a responsibility to keep to the high road…
So, I took Call-It’s link as a omen not to publish the trash I was about to send… I hit delete…and it was gone…. Although I still secretly continued to wonder whether there is a video out there, Perhaps originally a secret forever, until the price tags crossed over several million dollars…. I kept it to myself….
Americans have sex…. That is no secret…. otherwise there would be no children….and no orgasms.
Final point…. I once argued vociferously with my Republican friends who were so incensed that oral sex went on in the White House. I told them to forget about it and enjoy the prosperity that came with a balanced budget… something I thought I would NEVER see in my lifetime…. but…there it was… Balanced.
Looking over such miracles to force a scandal out in the open, was foolish I told them… they would soon learn I was right I warned them…. Eager for power, they laughed.
Today, they worship the ground i walk on…. When they need advice, they call me….
There is something about a certain slant of light, that casts images in a different context from how one usually sees them.
It occurred to me as I read Tommywonk’s Declaration of Independence in very familiar territory, that ominous parallels existed between then and now….. Perhaps by not straining my eyes deciphering 18th Century handwriting i was assisted in the revelation, but in any regards, I decided to post how Bush/Cheney would have been eternally represented had Jefferson fast forward through time into today.
Keep in mind, just three years earlier, 1773, had their been an election, King George would have still had a plurality of support as well.
He has refused his Assent to Laws
No contest there. If he doesn’t like the law, he ignores it. Add one to the + column.
He has forbidden his Governors to pass Laws of immediate and pressing importance
No, this is a negative. Although in Minner’s case some would argue that he should have…
He has refused to pass other Laws for the accommodation of large districts of people
Another negative. I can see no way of even stretching this to apply.
He has called together legislative bodies at places unusual, uncomfortable, and distant
Three negatives in a row. As for distant, when was the last time he entered the Capitol building? As for uncomfortable, it would be appropriate to convene both Legislatures in the Capitol toilets. After all, if shit stinks…..
He has dissolved Representative Houses repeatedly
Not looking good for the revolutionaries. In fact, his presence is the cause an unprecedented number of sessions since during Congressional breaks, every 36 hours someone gavels in and out a session….
He has refused for a long time, after such dissolutions, to cause others to be elected
Relies on the previous one. A negative.
He has endeavoured to prevent the population of these States; for that purpose obstructing the Laws for Naturalization of Foreigners
Whereas his party plays primarily the obstructionist’s role on this issue, he tends to differ from them on this issue. Again another negative…..
He has obstructed the Administration of Justice
One word. Gonzales. Ok, no contest. One for the + column.
He has made Judges dependent on his Will alone
The “jury” is still out. There are arguments that several may be… Logic and objectivity would certainly point that way. But until evidence turn up.. Negative.
He has erected a multitude of New Offices,
A positive. Just the embassy in Baghdad qualifies him for this one…..
He has kept among us, in times of peace, Standing Armies
Iraq; and pure fact that Congress never did declare a war. So by Constitutional law, this is a positive.
He has combined with others to subject us to a jurisdiction foreign to our constitution
Let’s see, eminent domain and Kelo. Um, unlimited wiretapping with no court oversight. Torture and sexual abuse of Guantanamo detainees. Not what I swore to uphold and defend….. a positive.
For Quartering large bodies of armed troops among us
If you can count Blackwater. another positive.
For protecting them, by a mock Trial, from punishment for any Murders
How about preventing any trial at all? Another positive. Revolutionaries are gaining ground…..
For cutting off our Trade with all parts of the world
If you count how Phil Gramm (McCain’s financial adviser) singlehandedly created the collapse of Bear Sterns, which led to the collapse of our dollar, and then take into account that the subsequent fall of the dollar has cut back on the large amounts we, as a nation had previously bought globally; the argument can be made that this policy and its repercussions……essentially cut off our Trade. A split decision…..leaning….positive.
For imposing Taxes on us without our Consent:
By imposing the tax of “cutting taxes”, Bush has given every American man, women, and unborn child, a debt of $30,000 dollars that must be someday be repaid. Before Bush policies went into effect, our nation had a yearly surplus. I didn’t consent to $30,000, did you? Again this goes into the + column.
For depriving us, in many cases, of the benefits of Trial by Jury
I believe there are over 400 cases of this being processed nationwide. A positive.
For transporting us beyond Seas to be tried for pretended offences
Way too easy. Positive.
For abolishing the free System of English Laws
Habeas Corpus and the Magna Carta. That’s two. Another positive.
For taking away our Charters, abolishing our most valuable Laws
See the above……another positive…. Revolutionaries, dig out those uniforms.
For suspending our own Legislatures, and declaring themselves invested with power to legislate for us in all cases whatsoever
Isn’t that what the anthrax scare did? (lol) But that is not enough to push this into positive territory, Another negative.
He has abdicated Government here, by declaring us out of his Protection and waging War against us
Possible, but it solely depends upon one’s interpretation of the meaning of “war”. Taking the literal interpretation, that would be a no…. One for the negative column.
He has plundered our seas, ravaged our Coasts, burnt our towns, and destroyed the lives of our people
Even though there are 6 months and fourteen days left where this could happen, currently, it stands as a “no”. One for the negative column.
He is at this time transporting large Armies of foreign Mercenaries to compleat the works of death, desolation and tyranny
Even though most of Blackwater”s troops hail from the South, were one a northern Yankee, perhaps these mey seem like they are foreign…… But because of that adjective, even with other similarities, this would have to go as a “no“. So close…..
He has constrained our fellow Citizens taken Captive on the high Seas to bear Arms against their Country
No, again, but he has pissed some off so much that they have volunteered……
He has excited domestic insurrections amongst us
Just his inauguration was one of the most contentious in history…… But we are not yet on the scale of Kent State or Chicago 68. This will have to go in the negative column.
In every stage of these Oppressions We have Petitioned for Redress in the most humble terms
We have done so repeatedly but head-in-the-butt Republicans within the Senate have shut them down each time….. Universally Americans expressed their disapproval by voting in a Democratic Congress, and voting out Republicans in every special election since…. this is one for the + column, even though the topic doesn’t regard the President.
Nor have We been wanting in attentions to our British brethren.
Back to the easy ones: “no“ This is one for the negative column.
But if one continues with the paragraph, after seperating the line blaming the Brit’s….
We have warned them from time to time of attempts by their legislature to extend an unwarrantable jurisdiction over us. We have reminded them of the circumstances of our emigration and settlement here. We have appealed to their native justice and magnanimity, and we have conjured them by the ties of our common kindred to disavow these usurpations, which, would inevitably interrupt our connections and correspondence. They too have been deaf to the voice of justice and of consanguinity. We must, therefore, acquiesce in the necessity, which denounces our Separation, and hold them, as we hold the rest of mankind, Enemies in War, in Peace Friends.
Sounds like the normal Republican rant against Big Government, doesn’t it? So if you add to it the voice of Democrats, and those of Libertarians, one could say this adequately represents the voice of bloggers beseeching their Government, ie consisting of both Houses, and the executive branch, I think it would not be a stretch to say that this….” IS WHAT THE BLOGGERS ARE TALKING ABOUT…..” ( I should add, regardless of party.)
Thereby end the grievances. The original document ends with a rousing conclusion and several infamous signatures…..
So what is the score card?
I give the revolutionaries willing to fight for the United States of America as envisioned by one Thomas Jefferson just 232 years ago, a rousing volley of 15 hits….. Round of applause for the Jeffersonians…
Thank you. Thank you very much….
And to the royalists, those who feel comfortable being stroked by the hands of King George…, I count the number in the negative column to be……drum roll please…………………………………….
Those in the negative column……and unbeatable…..fourteen.
By laws of this country under its current leadership, the negatives have a plurality. They win.
There is not enough evidence against the Bush/Cheney regime to start a revolution…..
Sorry revolutionaries, but their may still be grounds for impeachment At least it appears so under the charter of the Declaration of Independence.
Kind of scary, just how close the two are, huh?
Mike Castle did vote yes on the impeachment vote, but a yes vote was to “shelve” the bill, and bury it in committee, thereby once again protecting Bush from facing the truth..
For a second I thought he had recanted and we were actually going to have a close election on our hands…. But he still supports Bush, making him still a loser out of touch with America’s people…
Talk about an elitist…..
The Impeachment process has begun…..
We must remember what is at stake, is not the reputation of a sitting president, nor is it about the future of a certain political party…
Instead what is at stake ….is whether our Constitution is still valid as of this year, 2008. Various crimes against it have been made by this administration. Our question is this: do we continue forward into time with our founding father’s vision?,,,,,Or do we scrap it and allow ourselves to become lthe same as every other superpower?
That is the debate upon which all of us need to stay focused…
Let’s not allow ourselves become sidetracked by distractive sideshows…….