So the Republicans succeeded in removing 19 billion in taxes on the banksters from finreg, which led John Carney to write this:
The Republicans are expected to accept this deal.
So funny.
by John Cole| 96 Comments
This post is in: Domestic Politics
So the Republicans succeeded in removing 19 billion in taxes on the banksters from finreg, which led John Carney to write this:
The Republicans are expected to accept this deal.
So funny.
by John Cole| 57 Comments
This post is in: Domestic Politics, Free Markets Solve Everything
Grim news for market watchers:
Stocks fell sharply Tuesday as a steep decline in consumer confidence aggravated growing concern about the global economy and sent the Standard & Poor’s 500-stock index to a new low for the year.
Stocks fell from the start, continuing a trend that had begun overnight in Asia and spread to Europe, driving major indexes in the United States down about 3 percent.
The Conference Board said Tuesday that its consumer confidence index fell this month to 52.9, a decline of nearly 10 points.
That news came after the Standard & Poor’s/Case Shiller index of home prices rose only slightly in April, providing no signs of a sustained recovery in the housing market.
Is there any possibility that a DOW that continues to fall would spook enough blue dogs to get them to support a job creation package?
by DougJ| 126 Comments
This post is in: We Are All Mayans Now
I read a lot of strange things from Republican state party platforms but I’ve never seen the crazy gold stuff get this kind of official recognition before (from the Idaho Republican party platform):
– An admonishment for residents to stock up on gold and silver to gird against the ravages of U.S. dollar inflation, should it come to that.
Does this have legs (beyond Beck and Paul)? Is there any chance someone at Slate or Kaplan will write the first “liberal economists say hoarding gold and silver is a poor financial decision but once you get past the conventional wisdom of our hippie overlords…”?
by Randinho| 156 Comments
This post is in: Sports
Who will claim the Iberian Peninsula Championship?
Kos has just posted a report by a couple of independent researchers that shows that some Research 2000 polling was probably a fabrication. He’s also written up an explanatory post describing what happened and the (lack of) response from R2K.
Kos’ transparency about polling was the reason the researchers were able to identify the fraud, and the impetus for the investigation was 538’s pollster rankings.
by DougJ| 82 Comments
This post is in: Open Threads
I’ll get off the Goldberg beat soon, but this made me laugh: to show the world that he was right about Al Qaeda-Iraq connections, he had Eli Lake guestblog that Goldberg was right about Al Qaeda-Iraq connections. If you’re not familiar with Lake, he writes for the Washington Times and (formerly) New York Sun, does podcasts with Pam Geller, and pimped the hell out of the Mark Levin book that spawned ManziGate.
Turning to an openly ideological foreign policy reporter to prove to his “hard-leftist” critics that there really was a “potentially meaningful” between Al Qaeda and Iraq? Also too, it’s hard to miss the irony of relying on an openly ideological “reporter” to rescue one’s reputation after numerous spittle-flecked posts attacking “absolute partisans” like Ezra Klein.
by John Cole| 28 Comments
This post is in: Activist Judges!
This is interesting:
The US Supreme Court has ruled to vacate the a ruling by the Eleventh Circuit Court of Appeals for former Alabama Gov. Don Siegelman, who was convicted of bribery charges in 2006 in a case that was widely seen as politically motivated.
The ruling was vacated in light of another recent ruling which revised the court’s opinion of an “honest services” fraud statute, a ruling that has helped former Enron CEO Jeffrey Skilling. Siegelman’s case will now be remanded to the Eleventh Circuit Court of Appeals for a second consideration.
It doesn’t mean, however, that Siegelman is out of the woods. In March 2009, the Eleventh Circuit upheld bribery, conspiracy and obstruction of justice charges against Siegelman and refused a request for a new trial. They could easily do so again.
We’ll see if Rove and company still push this.