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kpete

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Member since: Fri Sep 17, 2004, 03:59 PM
Number of posts: 45,460

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The Future Is Dark

WARREN TO BERNANKE: "So when are we gonna get rid of 'too big to fail?'"

Sen. Warren continues to strike fear among the biggest of the oligarchs - enjoy watching!
&feature=player_embedded


"We've now understood this problem for nearly five years," she said. "So when are we gonna get rid of 'too big to fail?'"


Though Bernanke questioned the accuracy of the $83 billion figure, he admitted that big banks get some subsidy. But he said the market was wrong to give banks any subsidy at all (in the form of lower borrowing costs), insisting that the government will in fact let banks fail. The 2010 Dodd-Frank financial reform law has given policymakers the tools to safely shut down big, failing banks, he claimed.

But when repeatedly pressed by Warren, Bernanke's confidence seemed to waver.

"The subsidy is coming because of market expectations that the government would bail out these firms if they failed," Bernanke said. "Those expectations are incorrect. We have an orderly liquidation authority. Even in the crisis, we -- uh, uh -- in the cases of AIG, for example, we wiped out the shareholders..."



http://www.huffingtonpost.com/2013/02/26/elizabeth-warren-ben-bernanke_n_2766368.html?utm_hp_ref=tw

Rep. Keith Ellison hammers Sean Hannity: You’re a shill for the Republican Party

Democratic Rep. Keith Ellison of Minnesota ripped into Fox News host Sean Hannity during a tense interview on Tuesday night.

Hannity began his segment by claiming President Barack Obama was to blame for looming across-the-budget cuts known as the sequester. The conservative Fox News host insisted the President was “fearmongering” about the consequences of the cuts and played an irreverent mash-up of Obama’s recent speeches.

“You’re the worst excuse for a journalist I’ve ever seen,” Ellison said after being introduced.


Hannity asked for Ellison to repeat himself, claiming he couldn’t hear him. Instead, Ellison continued to blast Hannity, saying his mash-up was deceptive “yellow journalism” and a “breach of every journalistic ethic I know of.” Ellison told Hannity he was a “shill for the Republican Party,” but Hannity repeatedly insisted he was a “registered conservative.”



MORE:
http://www.rawstory.com/rs/2013/02/26/rep-keith-ellison-hammers-sean-hannity-youre-a-shill-for-the-republican-party/

This is why Kurt Vonnegut is underrated

TUE FEB 26, 2013 AT 07:48 AM PST
This is why Kurt Vonnegut is underrated
bypierre9045Follow

In the shadow of the looming sequester, as elected government representatives, as they're wont to do, argue about whether they should choose between cutting services that help the poor and general populace, or raising taxes on the wealthy, I was reminded of this excerpt from a Kurt Vonnegut book, that I think helps to point out just how long we've been having this exact same conversation:

1965

When the United States of America, which was meant to be a Utopia for all, was less than a century old, Noah Rosewater and a few men like him demonstrated the folly of the Founding Fathers in one respect: those sadly recent ancestors had not made it the law of the Utopia that the wealth of each citizen should be limited.

This oversight was engendered by a weak-kneed sympathy for those who loved expensive things and by the feeling that the continent was so vast and valuable, and the population so thin and enterprising, that no thief, no matter how fast he stole, could more than mildly inconvenience anyone.

Noah and a few like him perceived that the continent was in fact finite, and that venal office-holders, legislators in particular, could be persuaded to toss up great hunks of it for grabs, and to toss them in such a way as to have them land where Noah and his kind were standing.

Thus did a handful of rapacious citizens come to control all that was worth controlling in America. Thus was the savage and stupid and entirely inappropriate and unnecessary and humorless American class system created. Honest, industrious, peaceful citizens were classed as bloodsuckers, if they asked to be paid a living wage. And they saw that praise was reserved henceforth for those who devised means of getting paid enormously for committing crimes against which no laws had been passed. Thus the American dream turned belly up, turned green, bobbed to the scummy surface of cupidity unlimited, filled with gas, went bang in the noonday sun.

E pluribus unum is surely an ironic motto to inscribe on the currency of this Utopia gone bust, for every grotesquely rich American represents property, privileges, and pleasures that have been denied the many. An even more instructive motto, in light of history made by the Noah Rosewaters, might be: Grab much too much, or you'll get nothing at all.


-Kurt Vonnegut, God Bless You, Mr. Rosewater
http://www.dailykos.com/story/2013/02/26/1189927/-This-is-why-Kurt-Vonnegut-is-underrated

"A Thing Of Beauty": Santa Monica High School vs. Westboro Baptist Church

The Phelps’ made the trip to California for the Oscars, but since they were already there, they decided to picket a high school too.

Here’s a great shot of the pro-gay high school students protesting against Fred Phelps’ protest – it’s a panorama I created by grabbing shots from the YouTube video and stringing them together. The actual protest line went even longer to the right side of the image.



vs:



http://americablog.com/2013/02/santa-monica-high-school-blows-fred-phelps-out-of-the-water-with-mega-protest-video.html
http://santamonica.patch.com/articles/hundreds-at-samohi-unite-against-anti-gay-protest#video-13459274

KRUGMAN re: GOP: They want a fiscal crisis; they need it; they’re enjoying it.

To say what should be obvious: Republicans don’t care about the deficit. They care about exploiting the deficit to pursue their goal of dismantling the social insurance system. They want a fiscal crisis; they need it; they’re enjoying it. I mean, how is “starve the beast” supposed to work? Precisely by creating a fiscal crisis, giving you an excuse to slash Social Security and Medicare.


http://krugman.blogs.nytimes.com/2013/01/24/tim-geithner-is-wrong-2/

Limbaugh Admits Defeat: "The Left Has Beaten Us"

Anyway, my point with all this is that for 25 years, folks, we've been dealing with the same premise: "Unless we spend another dime, the country is going to cease to exist." And for 25 years I have responded to each premise on what I call an intellectual, point-by-point basis refuting every claim. The purpose of this program has been to create as large a body of informed voting citizens as possible. While we've been largely and profoundly successful at that, the left has beaten us.


http://www.rushlimbaugh.com/daily/2013/02/22/what_makes_me_ashamed_of_my_country

McConnell's Court Martial for sodomy in 67 will be huge

Ohio Citizen ‏@OhioCitizen
I don't know if Judd is running but McConnell is going to have a hard time. His court martial for sodomy in 67 will be huge.


Naturally, I asked for clarification, and got this. Before seeing this tweet, I had had no idea that McConnell had ever served in the military.
http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x4307109


The missing part of the story-?

Alan Lynch, a Lexington Postal Clerk, served in the 100th Army Reserve Unit, Louisville, Kentucky. He was in another unit in 1964 but the Army did a consolidation of units and he was transferred to the 100th in 1965 or 1966. He performed several duties while he served in the military as a postal clerk and personnel officer. Mr. Lynch has a remarkable story about the summer of 1967.

The summary of the story is as follows:

In the summer of 1967 Lynch reported for his summer active duty in the 100th Training Unit Army Reserve. The Unit did their summer active duty at Ft. Jackson, South Carolina. Lynch worked for S-1, the administrative arm of any army unit. Lynch worked for a Major, who was the assistant Adjutant and new to the unit. During his active duty in August of 1967 Lynch remembers coming into the office and noticed that the Major was upset. He asked him what was going on and the Major told him the following:

A new member of the 100th Army Reserve Unit in Basic Training at Ft. Knox was arrested in the barracks for sodomy. The guy is getting out of the military and the excuse will be due to an illness, an eye disorder. The Major then told a joke about it saying, "I guess the guy couldn't see the difference between guys and girls."

Lynch asked him how this guy could accomplish this and get a release from the army. The Major told him that the soldier had served as an intern to Senator John Sherman Cooper and Senator Cooper called the Commanding General of Ft. Knox to arrange the discharge.

At the time the Major told Lynch the name of the soldier but the name didn't stick to his brain. Lynch said frankly it was not important at the time because the name McConnell meant nothing to him. It was not until the issue was raised in McConnell's senate race of 1990 that he remembered the incident. Lynch provided the information to reporters with the Courier Journal and Herald Leader but they did nothing with it because they didn't have any real evidence. They only have the story of Lynch.

McConnell has been able to brush this whole thing off as a tempest in a teapot.


http://www.theleftcoaster.com/cgi-bin/mt-comments.cgi?entry_id=2141
http://www.dailykos.com/story/2013/02/24/1189537/-The-Strange-and-Possibly-Sordid-Story-of-Mitch-McConnell-s-Military-Service
http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x4307109

Blackwater Felony Charges Dropped, They Were Following CIA Orders

Blackwater Felony Charges Dropped, They Were Following CIA Orders
By Michael Biesecker, Associated Press
23 February 13


RALEIGH, N.C. - The federal prosecution of five former employees of the private security firm Blackwater has crumbled after the defendants said they were acting at the behest of the CIA by providing five guns as gifts to King Abdullah II of Jordan.

Federal prosecutors indicted former Blackwater president Gary Jackson and four others in 2010 on a long list of felony firearms violations involving dozens of weapons, including 17 M-4 military assault rifles and 17 Romanian-made AK-47s.

All charges against three of the accused were dismissed Thursday at the request of prosecutors after a federal judge ruled earlier this month to reduce several of the felony charges to misdemeanors.

Under a plea agreement, Jackson and former company vice president William Matthews admitted guilt Thursday on misdemeanor charges related to record keeping violations, resulting in $5,000 fines and four months house arrest. They had originally faced decades in prison on 12 felony charges each.


MORE:
http://readersupportednews.org/news-section2/306-10/16159-blackwater-felony-charges-dropped-they-were-following-cia-orders

The GOP Doing To Themselves

Three reasons why Obama isn't leading on the sequester
FEBRUARY 23, 2013, AT 5:50 PM




............... Obama has not resorted to full finger-shaking, red-faced exhorting. Why not? Here are three reasons in order of significance:

1. Any deal that comes from the White House will not pass muster with House Republicans. So every effort must start and end in Congress. That is an incontrovertible political truth.

2. There are no cage-rattlers at the White House. Rahm Emanuel was a cage-rattler. He was capable of making ripples that could tip dynamics and make the incontrovertible... controvertible. The White House today is much quieter. There are no huge, saber-teeth personalities.

3. The agencies are doing the job for him. From flight delays to FBI furloughs, entities that are more trusted than politicians are giving the lowdown to the media, which is repeating it. The projected misery is what will influence public opinion, which, in turn, might influence Congress.



http://theweek.com/article/index/240524/three-reasons-why-obama-isnt-leading-on-the-sequester
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