From Think Progress: 1. Wall Street Occupies Washington With Massive Campaign Contributions: On Nov. 12, 1999 President Bill Clinton signed into law the repeal of the Glass-Steagall Act of 1933, a Depression-era law that created a firewall between commercial and investment banking. Repealing this law was one of the top legislative goals of the financial industry. In the 1998 election cycle, commercial banks spent … Read More
Simple Minds Offer Simple Analysis
Once again, the crack bloggers at Patterico's Ponitification are showing their stupidity. It's Aaron "Not My Real Name" Worthing, touting this chart which is making the rounds on conservative blogs: and then writing this: So once again, we are shown that things are worse than they predicted if we did nothing. I’ve said this before, but it bears repeating–over and over … Read More
And Cain Jumps The Shark, Too
It's not his 9-9-9 policy, although that proposal is dumb, too. Nope, it's this: Boortz, at the tail end of the interview, asks Cain how he’d do in a debate against Obama: “It would almost be no contest.” Ticking off ways he could compete with Obama, Boortz says that Cain would be able to talk about the black experience in … Read More
Congress Hits All-Time Low
Congress is on track to register its lowest annual average approval rating for any year since Gallup began measuring congressional approval in 1974. The existing lows are 18% recorded in 1992 (based on one measure that year) and 19% recorded in each of three years: 1979 (based on one measure), 2008 (based on monthly ratings), and 2010 (based on monthly … Read More
Dumbest Slur Against Occupy Wall Street Evah
It started with a David Brooks column in the New York Times yesterday. Here's an excerpt: Unfortunately, the country has been wasting this winter of recuperation. Nothing of consequence has been achieved over the past two years. Instead, there have been a series of trivial sideshows. It’s as if people can’t keep their minds focused on the big things. They … Read More
Is Occupy Wall Street the Antithesis of the Tea Party?
A lot of comparisons are being made between these two movements. And if one were to watch the media, it certainly looks like the fault lines are drawn, i.e.,: Tea Party = loved by Fox News = conservativeOccupy Wall Street = treated with disdain by Fox News = liberal But some are noting that the OSW movement really isn't hippies … Read More
People Like Class Warfare
A new Washington Post/Bloomberg poll asked Americans whether they would support or oppose a variety of ideas to reduce the budget deficit. Unppoular ideas were pretty much what you expect: raising taxes on the middle class, reducing Social Security benefits, and reducing Medicare benefits. But a couple of ideas enjoyed broader support — most of the public approves of reducing military spending and … Read More
The Rumors Of My Death….
… are greatly exaggerated. Shows, bronchitis and life have taken a bit of a toll. What did I miss? Steve Jobs death. Sad. Occupy Wall Street. Encouraging. …and probably thirteen Republicans debates. Priceless. Regular blogging to resume…….. (wait for it)….. nnnnnnnoW!