Friday, July 1, 2011


Filed under The Public Square

15 responses to “Friday, July 1, 2011

  1. You know how the GOP has totally forgotten the eight years bush the lesser was in office? I think Perry would jog the memories of independents, moderates, those who are still capable of rational thought.

  2. Eric Cantor’s short bet reveals real GOP debt ceiling weakness

    Republican House Majority Leader Eric Cantor may be invested in a fund that takes a leveraged short position benefiting from price declines in U.S. Treasury obligations. This type of fund would almost certainly appreciate in the event of a bond crash, the kind which some economists fear would unfold if the U.S. debt ceiling is not increased.

    People with significant investment portfolios, like most conservative senior members of the U.S. legislature and those who donate generously to them, have to have a debt deal to safely stay rich. The idea the GOP is negotiating from a position of terminal strength may make great Fox News clips and fire up the base. The notion they’re so batshit crazy they’ll annihilate themselves and their billionaire political sponsors might serve the tactical purpose of trying to spook Democrats into signing a crappy debt ceiling deal. But every GOP lawmaker knows perfectly well they’re not going to risk their own life savings, and they know they’ll be ordered to crawl over broken glass if that’s what it takes to protect every last dollar in the very deep pockets of their conservative sugar daddies.

  3. How Grover Norquist hypnotized the GOP

    At our 25th college reunion in 2003, Grover Norquist — the brain and able spokesman for the radical right — and I, along with other classmates who had been in public or political life, participated in a lively panel discussion about politics. During his presentation, Norquist explained why he believed that there would be a permanent Republican majority in America.

    One person interrupted, as I recall, and said, “C’mon, Grover, surely one day a Democrat will win the White House.”

    Norquist immediately replied: “We will make it so that a Democrat cannot govern as a Democrat.”

  4. David B

    Have you heard the idea being discussed that Obama could simply ignore the debt limit on the basis that the Constitution says that the debts and obligations of the USA can’t be questioned and must be paid. It could trigger a constitutional crisis, the House could threaten to impeach, it could get real messy, but so will going into default.

    • So no matter what happens it’s going to get real messy.

      Will the shutdown in Minnesota over the same argument happening at the federal level teach any lessons, show any examples?

    • W.R.Locke

      David B,
      I heard that on TV last night. The 14th Amendment…a nuclear option of sorts. My first question would be, does Obama have the “stones” to do a thing like that?
      Personally, I’d love to see Republicans marginalized on this issue.

  5. Politics Most Blatant
    Conservatives can’t escape blame for the financial crisis

    The onset of the recent financial crisis in late 2007 created an intellectual crisis for conservatives, who had been touting for decades the benefits of a hands-off approach to financial market regulation. As the crisis quickly spiraled out of control, it quickly became apparent that the massive credit bubble of the mid-2000s, followed by the inevitable bust that culminated with the financial markets freeze in the fall of 2008, occurred predominantly among those parts of the financial system that were least regulated, or where regulations existed but were largely unenforced.

    Predictably, many conservatives sought to blame the bogeymen they always blamed. In March of 2008, Sen. Jon Kyl (R-AZ) blamed loans “to the minorities, to the poor, to the young” as causing foreclosures. Not long after, conservative commentator Michele Malkin went so far as to claim that illegal immigration caused the crisis.

    This tendency to shift blame to minorities and poor people for the financial crisis soon developed into a well-honed narrative on the right. Swiftly and repeatedly many conservatives blamed affordable housing policies—particularly the affordable housing goals in place for the two government sponsored mortgage finance giants Fannie Mae and Freddie Mac and the 1977 Community Reinvestment Act that applies to regulated lenders such as banks and thrifts—for the massive financial crisis that occurred. This despite the fact that as recently as 2006 prominent conservatives, including FCIC Republican member and American Enterprise Institute Senior Fellow Peter Wallison, were arguing that Fannie and Freddie needed to do more lending to low-income communities and minorities.

  6. indypendent

    I was at the doctor’s office today and while they were processing my debit card for my co-pay, the receptionist made the comment that people can go broke by just going to the doctor.

    And I made the comment that even with the health care reform bill, the real problem has not been fixed – which are the high costs and insurance still plays their shell game of negotiated prices.

    A third woman came up and made the comment that we must all be Republicans because we are complaining about the health care reform bill. Both the receptionist and I chimed in together and said that Republicans did not fix the health care problem when they had the chance and then they voted against the health care reform bill that was modeled after Mitt Romney’s plan and had many of the GOP’s ideas in it. So, in my opinion, neither party can claim to have fixed the health care problem – but at least the Democrats got something passed.

    The receptionist told me that even when they get paid for a covered service, the insurance company can come back and reduce future payments by that disputed amount – and there is no chance of appeal for the doctors.

    So, I guess even with health care reform – things are not fixed, are they?

    As long as huge profits are the goal of the health care system – nothing will be changed for the good.

  7. Today, July 1st, marks 40 years since the 26th amendment to the United States Constitution was ratified – which lowered the voting age from 21 to 18 and empowered young people with a voice in our political process.


    The elder did a Summer internship with Jackson Labs in Bar Harbor, ME after her Sophomore year in college. Yhis article is informative in two ways: use of wood pellets creates jobs while helping the environment and reducing oil use; the bad news is the boiler was produced in Sweden, not the U.S., which kind of summarizes the failures of the U.S. in not doing more to explore the use of renewable energy sources.

    • indypendent

      As long as we have global warming (global climate change) deniers on the right side yelling their carbon-filled lungs out – the US will stay behind the rest of the world in creating any renewable energy sources.

      Isn’t it a shame the windbags we call politicias and talk radion entertainers are not renewable energy sources .

      Man, just think about it, the US would be sitting on the Mother Lode if these windbags were renewable.