In a Time of Universal Deceit, Telling the Truth is Revolutionary.
Saturday, November 26, 2022

Chris Dodd faces backlash back home

Democrats may want to start thinking about a bailout for Senate Banking Committee Chairman Christopher Dodd (left), whose political stock has slipped amid the financial meltdown.

As a five-term Democrat who blew out his last two opponents by 2-1 margins in a blue state that President Barack Obama won handily, Dodd, D-Conn., should be cruising to re-election in 2010. Instead, he’s feeling heat from a Republican challenger eager to make him a poster boy for the tumult in the housing and financial markets.

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Did Tim Geithner lie about knowing of AIG bonuses?

Treasury Secretary may have known a lot more than he admits about the huge and controversial bonuses paid out by insurance giant AIG to its employees.

The New York Times reports that Geithner admitted knowing about bonuses at AIG two weeks ago after claiming this week he only learned about them later.

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Times of woe for the Big O

With apologies to Garrison Keillor: It has been a difficult week in our hometown, Lake Woe Is Me.

The images of cheering throngs in Denver and in Grant Park seem to be fading rather quickly for President Obama as more and more Americans realize what they should have understood in the first place — pledges sold in a campaign frequently have a very short shelf life.

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Big labor ignores a basic freedom of Democracy

"Since when is the secret ballot a basic tenet of democracy?" Teamsters President James Hoffa recently demanded. He callously dismissed this cornerstone of American self-government that helped emancipated slaves vote after the Civil War and has decided presidential elections since Grover Cleveland beat Benjamin Harrison in 1892.

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Is Congress using a Bill of Attainder to get A.I.G.?

So with little argument and a 300-plus majority, Congress yesterday voted to tax bonuses given by companies (read “A.I.G.”) funded under TARP at 90%, thus recovering the multi-million dollar awards to anyone in these companies earning over half a million bucks in regular income. The fact that this was targeted at TARP recipients in general was an attempt to generalize the law… and not make it, as it clearly is, a focused punishment of a particular company.

Essentially, this is what is referred to as a Writ or Bill of Attainder, and which is specifically banned in the Constitution.

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Achieving success by screwing up

To achieve true prosperity and financial security for life, what you really need is the ability to screw up big time.

I base this observation on the revelations coming out of Wall Street, and I am waiting for the call from one of the great investment houses because, given the opportunity, there’s not much I can’t botch. Certainly I couldn’t do worse than the people currently running the show.

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Did Obama fiddle while your house burned?

I set the DVR and decided to watch President Obama on The Tonight Show with Jay Leno in the morning before I checked out the critical response. I did catch the New York Post front page "No Joke! O Yukes it Up on Leno As Economy Burns", on Morning Joe before I could stop live TV. Uh oh, I thought, has Obama lost his mind or is this just The Post being The Post? (Also comment on "60 Minutes" gallows humor.)
I watched the show and yes, it was The Post being The Post. I won’t  look at other papers  until I write this.
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Happy 6th Anniversary Iraq War: March 19, 2003-2009

It was pretty transparent to me months before March 19, 2003 that Bush was taking us to war in Iraq. I also knew there were no WMD’s in Iraq, and told many of my friends they’d never find such a thing. The lie was so transparent; I never understood why no one else saw it as I did.

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13 Bailed-Out Banks Failed to Pay Taxes

Thirteen of the largest recipients of the government’s massive bailout failed to pay more than $220 million in federal taxes, congressional investigators said yesterday, prompting a new round of accusations that banks were abusing the financial rescue program.

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