HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » kpete » Journal


Profile Information

Member since: Fri Sep 17, 2004, 03:59 PM
Number of posts: 44,758

Journal Archives

KRUGMAN: Somebody Needs To Step Up & Spend & The Government CAN & Should Be That Somebody

March 14, 2013, 6:53 pm49 Comments
Running Government Like A Business or Family

I’ve spent a lot of time trying to knock down the bad analogy between governments and individuals, and the line that the government should act like an individual family or business, and cut back when times are tough. The key point is realizing interdependence: your spending is my income, my spending is your income, and if we all try to slash spending at the same time the result is a depression. Somebody needs to step up and spend when others won’t — and the government can and should be that somebody.

That said, the funny thing is that real individuals and businesses don’t behave the way the balanced-budget scolds claim. Businesses often borrow and spend when borrowing is cheap or they see high payoffs to investing; so do families. So Think Progress http://thinkprogress.org/economy/2013/03/14/1717901/14-gop-congressmen-who-think-government-shouldnt-borrow-have-big-debts-of-their-own/ doing good by pointing out how many of those deficit-fearing Congresscritters turn out to have quite large personal debts.


Republican Slams Limbaugh: "You’re so brave, as you daily hide in your little “glass monkey cage""

Well this is refreshing. A, self-proclaimed, Republican women, tells Rush Limbaugh what time it is... And we're cheering her on!

In her DailyNewsOnline article, http://thedailynewsonline.com/... Esther Kohlhagen writes:

"Fortunately for me, a Registered Republican, I have grown into a crotchety old lady who has lived long enough to see and witness the “good,” “bad” and “ugly” in its truest form."
She says to Rush,

"You are no more than a leech that sucks the goodness out of a person or nation until you can extract no more. At this point, we know, you don’t care because your needs have been fulfilled and you are free to go and look for your next victim to ridicule and try to destroy.

And “victims?” You, Rush have an endless supply. You can make fun of a person’s name (this always gives you a good belly laugh); you can make derogatory remarks about prominent women, especially if they are black or Democrat; and one of your greatest pleasures is when a person of the Democratic Party is affected with a disease or disabling condition — oh how you can chuckle about their physical inabilities.

Rush, you’re so brave!

You’re so brave, as you daily hide in your little “glass monkey-cage,” surrounded by your obedient caretakers who throw you your very nutritious crumbs of malicious gossip to brazenly deliver to the public. Then when your daily stint is over you seem to disappear until the next day...



Liberty loving wingnut "adores" the new pope because lefties object to his ties to death squads
by digby

for reals, just go:

Want Obamacare? Here’s the 21-page draft application.

Want Obamacare? Here’s the 21-page draft application.
Posted by Sarah Kliff on March 14, 2013 at 10:13 am

Just click HERE:
Ezra has a draft application for 'obamacare' up at the wonkblog.

Actually the "21 page application" they refer to is only applicable if you're applying for as many as five people.

Former CEO reveals Blackwater worked as ‘virtual extension of the CIA’

Exclusive: Court Docs Reveal Blackwater’s Secret CIA Past
by Eli Lake Mar 14, 2013 4:45 AM EDT
It was the U.S. military’s most notorious security contractor—but it may also have been a virtual extension of the CIA. Eli Lake reports.

The mercenary group formerly known as Blackwater worked as a “virtual extension of the CIA,” the company’s former CEO revealed to Daily Beast reporter Eli Lake, who obtained court documents showing the company argued as much when its executives were facing prosecution.

It has long been known that Blackwater, now called Academi, worked with the Central Intelligence Agency, and there were even some pretty straightforward clues that former Blackwater CEO Erik Prince was an agency asset. That relationship is strongly clarified by the company’s own legal defense in a three-year prosecution that collapsed in February, going from having the potential to jail several of the company’s executives to wrapping up with a guilty plea from two men punishable by probation, house arrest and a $5,000 fine.

“Blackwater’s work with the CIA began when we provided specialized instructors and facilities that the Agency lacked,” Prince told Lake. “In the years that followed, the company became a virtual extension of the CIA because we were asked time and again to carry out dangerous missions, which the Agency either could not or would not do in-house.”

Prince added that for many missions he did not even charge the CIA, saying his work at the company came not out of a desire for enrichment, but because “in the wake of 9/11, I felt it my patriotic duty.”


Explosive Exchange at Gun Hearing --- Feinstein To Cruz: "I'm not a sixth grader ...

"The question that I would pose to the senior senator from California is," said Cruz to Feinstein, "Would she deem it consistent with the Bill of Rights for Congress to engage in the same endeavor that we are contemplating doing with the Second Amendment in the context of the First or Fourth Amendment, namely, would she consider it constitutional for Congress to specify that the First Amendment shall apply only to the following books and shall not apply to the books that Congress has deemed outside the protection of the Bill of Rights? Likewise, would she think that the Fourth Amendment's protection against searches and seizures could properly apply only to the following specified individuals and not to the individuals that Congress has deemed outside the protection of the Bill of Rights?

"I'm not a sixth grader," said Feinstein. "Senator, I've been on this committee for 20 years. I was a mayor for nine years. I walked in, I saw people shot. I've looked at bodies that have been shot with these weapons. I've seen the bullets that implode. In Sandy Hook, youngsters were dismembered. Look, there are other weapons. I've been up -- I'm not a lawyer, but after 20 years I've been up close and personal to the Constitution. I have great respect for it. This doesn't mean that weapons of war and the Heller decision clearly points out three exceptions, two of which are pertinent here. And so I -- you know, it's fine you want to lecture me on the Constitution. I appreciate it. Just know I've been here for a long time. I've passed on a number of bills. I've studied the Constitution myself. I am reasonably well educated, and I thank you for the lecture."

Read more: http://www.politico.com/story/2013/03/judiciary-approves-assault-weapons-ban-88866_Page2.html#ixzz2NWvmTprm

Another Gift From the Big Dog

March 14, 2013 9:52 AM
Another Gift From the Big Dog
So anyone who watched the 2012 Democratic National Convention is probably aware that former president Bill Clinton did the best job of anyone during the entire campaign to articulate the case for Barack Obama’s re-election. He also campaigned where and when he was asked.

But turns out he performed another important service to the president and his party, without even knowing it, per this report at HuffPost from Jason Cherkis:

The man, who tended bar for a company that catered to a high-end clientele, had previously worked at a fundraiser at a home where Clinton spoke. After Clinton addressed guests, the man recalled, the former president came back to the kitchen and thanked the staff, the waiters, the bartenders, the busboys, and everyone else involved in putting the event together. He shook hands, took photos, signed autographs, and praised the meal — all characteristic of the former president.

When the bartender learned he would be working at Romney’s fundraiser, his first thought was to bring his camera, in case he had a chance to get a photo with the presidential candidate.
Romney, of course, did not speak to any of the staff, bussers or waiters. He was late to the event, and rushed out. He told his dinner guests that the event was off the record, but never bothered to repeat the admonition to the people working there.

One of them had brought along a Canon camera. He set it on the bar and hit the record button.


VIDEO & MORE re: 47% TAPE:

Interesting? * Obama called Boehner first on election night

* Obama called Boehner first on election night: Folks on the right were widely up in arms to hear that Obama called DCCC chair Steve Israel on election night, which was held up as proof of Obama’s preference for partisanship over governing. But check out this tidbit from the New York Times report on yesterday’s meeting:

GOP Rep. JamesLankford asked the president why on election night he had called the head of the Democratic Congressional Campaign Committee, Representative Steve Israel of New York, to congratulate him on their victories before he had called Speaker John A. Boehner. The president corrected Mr. Lankford, noting that he had called Mr. Boehner first but that the speaker was asleep.

Mr. Boehner laughed and confirmed that indeed he was sleeping when the call came.

Do tell! So the Republican House Speaker has now confirmed that Obama called him before he called either Pelosi or Israel. Can we drop this one now? Thanks.


How Chris Hayes' Show Differs From Other Shows In One Chart

How Chris Hayes' Show Differs From Other Sunday Shows In One Chart
New MSNBC Evening Host's Show Has Provided Much-Needed Diversity

MSNBC is giving Chris Hayes the network's 8 p.m. primetime weekday slot beginning in April. Hayes' current program, Up with Chris Hayes, has provided a beacon of diversity compared to the Sunday morning political talk shows on other major broadcast and cable networks, which overwhelmingly feature white men.



Wow. I can't wait to hear what Elizabeth Warren has to say about this:

Since the mortgage meltdown, the FDIC has opted to settle cases while helping banks avoid bad press, rather than trumpeting punitive actions as a deterrent to others.

FDIC Secretly Settling Bank Cases For Years With 'No Press Release' Clause: Report


At the request of rule-breaking bankers, a top U.S. regulator has for years settled bank cases in secret, raising the bar on just how far regulators are willing to go to help the industry they regulate.

The Federal Deposit Insurance Corp., which insures bank deposits in the U.S. and shuts down failing banks, has since 2007 repeatedly settled charges of banker wrongdoing by agreeing to "no press release" clauses that keep the settlements a secret, the Los Angeles Times reports.

In one particularly glaring example, Deutsche Bank agreed to pay $54 million to quietly settle charges that its New York mortgage-banking subsidiary, MortgageIT, sold bad loans to another mortgage bank, Independent National Mortgage Corporation, a/k/a "IndyMac." IndyMac collapsed under the weight of bad mortgage loans in July 2008, a notable milestone in the financial crisis.

In exchange for the settlement, the FDIC agreed not to announce the deal unless it was asked about it, the LAT writes. That was just one of "scores" of such settlements the LAT discovered through a Freedom of Information Act request that turned up 1,600 pages of documents.


Go to Page: « Prev 1 ... 539 540 541 542 543 544 545 546 547 548 549 ... 1189 Next »