Tag Archive | "Congress"

No Action Rocks

A lot of people are squirming and screeching, demanding that Congress take action. Do something about that damn “fiscal cliff” — a phony elite construction by the way. My view is: don’t do anything and the country will be better off.

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The 2012 Prez Elections Won’t Change Much

   I have a piece in Tuesday’s The Australian (if you are in the U.S. and you catch this on Monday, hey, it’s the time machine effect), basically, arguing that the 2012 presidential elections won’t change a whole lot.     See it here.     Or read it after the fold:

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Coddle Wall St, Lose Elections

   People sometimes repeat certain phrases because they’ve heard them used repeatedly when they actually want to say something else, even if they aren’t conscious. Or, put another way–if you want to know why Democrats lost the special election in New York, I’d argue it has a lot to do with the Obama Administration’s failure […]

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Is The Bombing of Libya Impeachable?

   Ask yourself this basic question: what would you say about the bombing of Libya if it had been ordered by George W. Bush or some other Republican? If your answer is that you would have the same position, ok–but there is a legitimate question to be asked here, as some members of Congress are […]

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The Fed Prevails

   Nothing changes: As the House and Senate move to finalize regulatory-overhaul legislation, the Federal Reserve has emerged as likely to retain most of the power and independence Fed officials have feared they might lose.  

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Deficit Rhetoric and Impoverishing America

   If Democrats wonder why more than half the people in the country think that the party of FDR cares more about the concerns of big corporations, no need to look any further than this: House leaders cut the cost of the package by roughly $44 billion, in part to address complaints from Blue Dog […]

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War or Teachers: The Choice Before Us

 My refrain, whenever I hear about the "deficits", is very simple: we have plenty of money. We are the richest nation in human history. The problem is our priorities. And this week it boils down to this: do we want war or do we want teachers who will make our kids ready for the future? […]

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Teaching Kids Held Hostage To Killing People

   In the dysfunctional world of politics, games are played that no normal person would think makes sense. Right now, one of those games is being played out in astonishing fashion: Congress is being told that if it wants money for teachers, Haiti reconstruction and other good social needs, it has to vote for billions […]

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The Financial Mandarins Chalk Up Another Win

   This past Friday, I wrote that the financial powers were winning the debate on Capitol Hill. Today, another victory for those powers: The Senate on Tuesday voted unanimously to require a one-time audit of the Federal Reserve’s emergency actions during and after the 2008 financial crisis as part of broad legislation overhauling the nation’s […]

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The Financial Mandarins Win

   The forces trying to instill some rollback of the power of the financial elites suffered two defeats yesterday. First, Bernie Sanders’ amendment to bring more scrutiny to the Fed was watered down. Where did the pressure come from to let the Fed continue to operate in the same way it did before the crisis–a […]

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A Defining Moment

   It may seem relatively small but there will be an excellent window through which to view the president’s future intentions: will he be for the people or for the financial interests? Many people have already made up their minds–for good reason. But, this will be a moment–will the Administration veto the financial reform bill […]

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Bernie Sanders Rides

   This should pass: An amendment sponsored by the independent senator from Vermont to require Federal Reserve audits is gaining momentum, powered by a coalition of activists on the left and right who are taking aim at the financial establishment for its role in the economic collapse. Mr. Sanders’s amendment, which is likely to be […]

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While Americans Suffer, Senate Bickers

   I’ve been watching this for sometime and it’s truly absurd–the Congress can’t get an extension of unemployment benefits passed because Republicans are standing in the door blocking it. The House a bill to extend unemployment benefits a month ago, but it is still stuck in the Senate. There was a story posted on CNN […]

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The Anti Public Option Pledge: No Health Care For Me!

Like my fellow American patriots, I refuse to sit by while the Nazi Marxist President sends storm troops of Dr Mengeles to pull the plug on millions of grannies. Just keep out of our persona lives. My health care is my business and it’s between me myself and I(nsurance companies.) Up until yesterday, I was […]

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Poverty, A Lost Decade and The Shame of America

We don’t talk about poverty in our country. Our political discourse, guided by pollsters and consultants, directs leaders to refer to "the middle-class", not to the millions of people who live in conditions that do not get much better, whether we are in something called a "recession" or we are in "recovery". And it is […]

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Peering At The Fed

   Some momentum on opening up the Fed to more scrutiny, via The Wall Street Journal: Rep. Ron Paul said he has a commitment from the chairman of the House Financial Services Committee, Barney Frank, to advance the Texas Republican’s legislation opening the Federal Reserve to broader federal audits. In an interview Friday, Mr. Paul […]

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