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President Obama Wants YOU to Make Hard Choices »

President Obama made a visit to Ottumwa, Iowa Wednesday. As reported by Jake Tapper on ABC’s Political Punch: “We’re going to have to make some tough choices” about the deficit and national debt, President Obama said to a crowded gymnasium full of supporters at Indian Hills Community College, after a lengthy riff on how the [...]

VP Biden aka “Carnac” Makes a Prediction on Jobs »

On Friday’s Political Punch, it was reported that Vice President Biden Predicts Massive Job Growth in Coming Months: Usually the Obama administration downplays expectations for job growth, but apparently Vice President Joe Biden didn’t get the memo – or he did, but just blew it off. Well, it wouldn’t be the first time our loquacious [...]

The GM Payback Magic »

If you want to make millions the easy way, this would seem the way to go: ___ But if you want to make billions the easy way, I suggest you use GM’s easy payback magic:

Are You “Tea Party” Angry? »

Who’s afraid of a little Tea Party? Everyone, fortunately. So says Kevin O’Brien of The Cleveland Plain Dealer, who correctly points out that while Tea Partiers may lean conservative, they are filled with more anti-incumbent fever (for both sides) than anyone would care to admit: Democratic officeholders should be afraid. Republican officeholders, too. For many [...]

Democratic Women in the Tea Party Movement Bust Another False Media Narrative »

It is shocking that even CNN has reported on Disgruntled Democrats Joining the Tea Party. Shannon Travis’ story quotes two disaffected educated, liberal women and their unlikely path to the tea party protests: Some Americans who say they have been sympathetic to Democratic causes in the past — some even voted for Democratic candidates — [...]

“The Heat Is On…” »

In light of the recent Health Care vote, the Tea Party marches, and the current sentiment in the country, I found this article by Peggy Noonan to be particularly timely: The Heat Is On. We May Get Burned. Political rage is a national problem, not a partisan one. So where are we? In a dangerous [...]

Treasury’s Herb Allison Needs a Truth Enema »

According to testimony yesterday from Treasury official Herb Allison, who is currently charged with overseeing the management of the TARP, there are no financial firms now guaranteed as ‘too big to fail.’ What rock did Herb just crawl out from? The Wall Street Journal addresses Herb’s ridiculous comment in writing, Treasury Official: ‘No Too Big [...]

Judd Gregg Exposes Peter Orszag »

Are we a nation of laws or not? Do we merely do what is expedient and politically correct as opposed to what is right and principled? Do we allow political polls and political winds to override the pursuit of truth, transparency, and integrity? All too often, our nation gets so caught up in the moment [...]

State Of The Lobbyists Is Better Than You’d Think After The SOTU »

Jon Stewart had Harvard Professor, Elizabeth Warren on recently to discuss TARP and Wall Street. It was an interesting interview, to be sure (h/t to Pat), and provided a historical perspective: The Daily Show With Jon Stewart Mon – Thurs 11p / 10c

Is Tonight The Night? **OPEN THREAD** Updated »

You know, the night the Yankees clinch the American League Championship? They lead the series 3 – 1 over the Angels, and HOPEFULLY, will win again tonight to meet the Philadelphia Phillies in the World Series. The Phillies, in case you missed it, closed out the National League Championship over the LA Dodgers 4 -1. [...]

A Not So Happy Anniversary for Involuntary Investors »

Remember last October when Congress approved the Emergency Economic Stabilization Act and confiscated $700 billion of our tax dollars for a financial bailout? Back when many of us first became involuntary investors in Wall Street’s “too big to fail” financial institutions. Well, the Congressional Oversight Panel of the Senate Banking Committee, chaired by Chris Dodd, [...]

Another Kool-Aid Drinker Bites The Dust »

Ted Van Dyk’s article in today’s WSJ, Obama Needs to ‘Reset’ His Presidency cautions that Obama must take a time out and find “a reset button for domestic policy.” Interesting that he uses the words “time out” – something one would tell a misbehaving child. Surely, the President’s reckless spending and use of all the [...]

The TARP Has a $159 Billion Loss!! »

The American taxpayer was going to make money on the investments in assets related to Bear Stearns, AIG, Citigroup, Bank of America, ad nauseum, correct? Is it even possible to track the massive government outlays across the entire economic landscape? Is it further possible to measure the actual cost of the outlays as a percentage [...]

Elliot Spitzer versus Jim Cramer »

I got bored with fast-forwarding through Hannity last night who devoted an unbelievable 45 minutes (!) to the Miss California non-news story, so I checked out Rachel Maddow. Her guest? The always compelling Eliot Spitzer, whose recent remarks to CNN’s Fareed Zakaria were covered at No Quarter in two posts, the last of which was [...]

Nancy: The Hits Keep Comin’ [UPDATE: Boehner Ups The Ante] »

(bumped up and updated extensively)