April 15, 2014

What Dems and Progressives (and the White House) Might Not Want To Underestimate Regarding Rick Santelli and Tea Parties

CNBC’s Rick Santelli has been roundly thumped from the lefty blogosphere to the White House for suggesting on the air and from the floor of the Chicago Board of Trade that there be a vote on whether taxpayers should help pay for “losers’ mortgages.”  In the absence of a vote, Santelli says that perhaps we need a “Boston Tea Party in July.”

On the other hand, Santelli is the citizen with pitchfork du jour for the right from Rush Limbaugh to the misinformed drones (including Republican members of Congress) who dial him in every day.

We know the Right is wrong on how to get this economy going. They’ve had their chance.  Trickle down is dead and the once exuberant investment class is shaking in their Bruno Maglis.  We’ve found that perhaps banks should be banks and insurance companies should insure and brokerages should buy and sell.  Additionally, it might not hurt to for more regulation – human nature being what it is. [Read more...]

Bailouts, Stimulus, Etc. – What Has The Rush Gotten Us?

Drudge Report has been trying mightily since Saturday to “sell” this story: If there was such a hot rush to pass the stimulus bill, why was President Barack Obama taking the weekend off in Chicago?

What Drudge does is show he’s in the tank for the Republicans when he runs a picture like the one to the left “above the fold” all weekend with the following headline: What’s the rush? ‘Urgent’ stimulus on hold for Obama’s weekend off …

First of all, no president of the U.S. has a “weekend off.” Not even George W. Bush, although some may say he took years off.

This is a potshot – Drudge urging the producers over at Fox News to beat up on the president.

But, despite Drudge’s partisanship, he points out a real problem with Republican and now Democrat management of the U.S. economic crisis.  Our politicians are scaring us silly and ramming TARPs, assorted bailouts and stimulii through the government machine with very little transparency and even less accountability.

Back in the Fall when the Troubled Asset Relief Program, aka $700 billion bailout, was rammed through Congress there was lots of scary talk about meltdowns and companies so big and far-reaching that we couldn’t possibly let them fail.  $350 billion of that bailout went out to the banks and Wall Street.  We still have barely working credit markets.  They’ve loosened up a bit, but nothing much has changed in the past several months.  We also know that a lot of our tax dollars were wasted on bonuses, exorbitant compensation for failing management teams, mergers and acquisitions.

[Read more...]

Obama Veepstakes – Does a Biden Pick Spite Hillary’s States?

Chris Matthews’ Strong Case for Hillary for Veep

I keep hearing the pundits talking about how Sen. Barack Obama isn’t “comfortable” with this person or that person – the chemistry isn’t there.  Screw the chemistry, let’s win this damn election.

Chris Matthews had a great segment tonight on Hardball with Howard Fineman and Andrea Mitchell.  You can watch the whole 14 minutes or so at the end of this post.  Those states in green look awful good.