And that would be Obamacare. Specifically, the Independent Payment Advisory Board, a major part of the unread-before-passed-bill. You might know it better as the “Death Panels.” From The Daily Caller:

[snip]Frank, who announced Monday that he would retire at the end of his current term in office, became the 12th Democrat, and the 212th member of the House, to co-sponsor Tennessee Republican Rep. Phil Roe’s bill aimed at repealing the IPAB.

[...]

IPAB is a 15-member board, appointed by the president, scheduled to convene in 2014. In order to reduce per capita Medicare spending, the board will recommend levels at which Medicare recipients, including seniors, can be reimbursed for health care expenses.

In March, Roe told The Daily Caller the IPAB is the “real death panel” in the health care law, as compared to “end-of-life counseling” Obamacare provisions which former Alaska Gov. Sarah Palin once deemed “death panels.”

“This one is the real baby right here — and most people missed this,” Roe told TheDC then. “What everybody was talking about, when you saw Sarah Palin and so forth, what they were talking about these advanced directives where you sit down and there’s sort of mandatory counseling — and Medicare paid for it. This IPAB got missed — and it’s the real death panel.”

Isn’t that pretty much what we had been saying? But wait, there is more:

“Basically, there’s a certain amount of money that’s allocated for Medicare spending each year,” Roe said in March. “Once you hit that amount that’s been appropriated, this board, this bureaucratically appointed board, can then decide, not based on quality or need, but based on strictly cost.”

According to Diane Cohen, the conservative Goldwater Institute’s lead attorney covering Obamacare, IPAB is the “most notorious” of all the bureaucracies the health care law created because it hands Medicare payment decisions over to an unelected board. (Click here to read the rest.)

Isn’t this incredible? I guess it should be no surprise given the numerous czars Obama has put in place making major decisions for us. They aren’t elected, either. Hell, they aren’t even vetted by anyone! But that the Democrats, and it was SOLELY the Democrats, voted to make this the law of the land is telling indeed.

Too bad Rep. Frank didn’t make this decision two years, and maybe states wouldn’t be saddled with fighting the Constitutionality of Obamacare. They wouldn’t have to be spending so much time and treasure trying to protect their citizens from the unilateral move of one party against all of the objections of its citizenry. Party Before Country rules the day far too often, as I have said, and this was no exemption. But maybe, just MAYBE, these people will finally start caring more about the country than whatever perks they might get for selling their souls for the benefit of the Party leaders.

And speaking of money, given all of the brouhaha paid to mere whispers of allegations over Herman Cain 24/7, you may be surprised to learn that former New Mexico Governor Bill Richardson, Hillary Clinton backstabbing opportunist, is under investigation for a regarding allegations of paying off his mistress. Oh, yes, and it was not a small sum of money, either, as the Wall Street Journal reports:

A federal grand jury is investigating former New Mexico Gov. Bill Richardson over possible campaign-finance violations stemming from his 2008 presidential run, including allegations that he arranged for supporters to pay off a woman who planned to say they had engaged in an extramarital affair, according to people familiar with the inquiry.

Several of Mr. Richardson’s close associates have been granted immunity from prosecution in exchange for their testimony before the panel in Albuquerque, the people said. The panel is one of several grand juries in recent years to examine aspects of Mr. Richardson’s administration and campaigns.

[...]

The investigation comes at a difficult time for New Mexico Democrats, who are struggling to regroup after losing the governor’s mansion—Mr. Richardson couldn’t run again because of term limits—and a number of state legislative seats in 2010. The state is considered a key battleground in the 2012 presidential election and also may be crucial to control of the U.S. Senate, as both parties fight for a vacant seat now held by retiring Democratic Sen. Jeff Bingaman.

New Mexico Republicans benefited in the last election from grand-jury investigations related to the departing Richardson administration, said Brian Sanderoff, president of an independent polling firm in Albuquerque. If an indictment rekindles memories of alleged Democratic corruption, “it sure won’t help” Democrats in 2012, he said.

Uh, yeah – I imagine that won’t be too helpful to the Democrats in New Mexico. And now for that number:

[snip]The most explosive matter under investigation involves allegations by a former member of Mr. Richardson’s inner circle. That individual said Mr. Richardson’s political allies gave $250,000 to placate a woman who was considering suing the governor in 2007, exposing their alleged extramarital affair, according to people familiar with the federal probe. They said the woman was a state employee at the time that she allegedly became romantically involved with Mr. Richardson around 2004. The woman’s identity has not been disclosed, and the type of suit considered has not been confirmed. (Click here to read the rest.)

The article goes on, and I recommend you read the rest. You may recall, as I mentioned above, that Richardson threw Hillary Clinton under the bus so fast when he thought he was going to get some plumb assignment in Obama’s Circle that the bus didn’t even have a chance to leave skid marks (Commerce Secretary was the post for which he was being considered). So, if you wondered why he never showed up with all of Obama’s Chicago Thugs Cronies, it was a question related to contributions for his presidential run, and the possibility of links to some contracts he made. You know, just like Obama has done with our money to places like Solyndra, and a whole HOST of jobs in his Administration.

Doesn’t that kind of beg the question of if it kept Richardson OUT of Obama’s Administration to have even the question of a possible link between donors and contracts, why is it okay for Obama to have filled his White House with donors, or give our money to companies owned by his donors? Doesn’t make any sense to me. Maybe someone out there can fill me in.

Well, I will sure be interested to see how things shake out now that Barney has joined in to fight against the IPAB. Perhaps this is just the push we need to get this horrible law off the books, and do it RIGHT the next time, with thoughtful consideration, no handouts to Big Pharma, and the support of the majority of the people.

As for Richardson, couldn’t happen to a more deserving person, if you ask me. Sure would be nice if the media bothered to report on this the way they couldn’t WAIT to throw out mere rumors around Herman Cain, but I guess that is just too much to ask these days. Kinda like how they are gleeful over the new Unemployment numbers, until you read further down and find out WHY the numbers are lower. Even The Hill is guilty of that (and Eric Bolling said this morning that the new number is TOO low considering jobs created and files for unemployment, which I thought, too. It should be closer to 8.9%, not 8.6%.). Oh,and in case you missed why, it is because a big bunch of people just dropped out. They gave up. They just gave up trying to find work. THAT should be the headline, IMHO.

Wouldn’t it be nice if our politicians stopped playing politics with people’s lives? Yeah, though I am not going to hold my breath for that day. Anyway, consider this an Open Thread. What’s on your minds?

Naturally, Obama’s Administration has continued the trend of Obama the Candidate. It has taken a major step back in that whole transparency thing, according to the AP. Even when he wins awards for being transparent, he has to do so in a closed ceremony – how much more hypocritical can one be?

Well, there is one bit of transparency that is now coming forth about Obama. And that is how he pays off his big campaign donors. Of course, it is not unusual for a president to give a plum position to a big contributor, but Obama has done so for about 200 – that is two hundred – of his supporters in government positions in just two years. By comparison, George W. Bush hired about 200 contributors over EIGHT years. Uh, yeah.

So much for that “change” in Washington from “special interests,” huh? I know, I know, I am not surprised, either, but I didn’t drink the Kool Aide and vote for the man who made this claim:

[snip] As a candidate, Obama spoke passionately about diminishing the clout of moneyed interests. Kicking off his presidential run on Feb. 10, 2007, he blasted “the cynics, the lobbyists, the special interests,” who had “turned our government into a game only they can afford to play.”

“We’re here today to take it back,” he said.[snip]

Ahahahahaha – I know, I know, it is hilarious. Or it would be if so many people hadn’t bought this total BS.

And in direct contradiction to what the candidate said, here are some particulars of Obama the president’s sycophants:

Telecom executive Donald H. Gips raised a big bundle of cash to help finance his friend Barack Obama’s run for the presidency.

Gips, a vice president of Colorado-based Level 3 Communications, delivered more than $500,000 in contributions for the Obama war chest, while two other company executives collected at least $150,000 more.

After the election, Gips was put in charge of hiring in the Obama White House, helping to place loyalists and fundraisers in many key positions. Then, in mid-2009, Obama named him ambassador to South Africa. Meanwhile, Level 3 Communications, in which Gips retained stock, received millions of dollars of government stimulus contracts for broadband projects in six states — though Gips said he had been “completely unaware” that the company had received the contracts.

[...]

• Overall, 184 of 556, or about one-third of Obama bundlers or their spouses joined the administration in some role. But the percentages are much higher for the big-dollar bundlers. Nearly 80 percent of those who collected more than $500,000 for Obama took “key administration posts,” as defined by the White House. More than half the 24 ambassador nominees who were bundlers raised $500,000.

• The big bundlers had broad access to the White House for meetings with top administration officials and glitzy social events. In all, campaign bundlers and their family members account for more than 3,000 White House meetings and visits. Half of them raised $200,000 or more.

• Some Obama bundlers have ties to companies that stand to gain financially from the president’s policy agenda, particularly in clean energy and telecommunications, and some already have done so. Level 3 Communications, for instance, snared $13.8 million in stimulus money.[snip]

The last one is particularly troublesome to me. I thought the nation generally frowned upon companies having inside tracks to getting our hard earned, tax paying dollars. I dunno about you, but for Level 3 to get that kind of cold, hard cash from the stimulus sounds like payback to me. (You know, the $3 Trillion stimulus that Obama thought was a joking matter the other day? When he flippantly, arrogantly, joked there weren’t as many shovel ready jobs as they thought, that one? What a piece of work. It is not a laughing matter to most of us, President Obama.)

Oh, but wait – there is more:

[snip] The appointment of George Washington University law professor Spencer Overton illustrates how the administration has rewarded many top fundraisers.

Overton wrote in 2003 that the influence big donors wield in elections means that an “overwhelming majority of citizens are effectively excluded from an important stage of the political process.” Yet Overton bundled at least $500,000 for Obama. He was named to the Obama transition team and in February 2009 was appointed principal deputy attorney general in the Department of Justice’s Office of Legal Policy. Overton visited the White House more than 80 times from January 2009 through the end of 2010 for events ranging from small meetings with high-level staffers to social and entertainment events, sometimes with his wife, records show. Overton resigned the $180,000-a-year job in July 2010. He declined to comment for this story.

Overton is one of seven campaign bundlers who took jobs at Justice, including Attorney General Eric Holder, who was a $50,000 bundler. Holder had been deputy attorney general in the administration of President Bill Clinton. [snip]

Just to be clear, here is the problem with “bundling” contributions:

[snip] Bundling is controversial because it permits campaigns to skirt individual contribution limits of $2,500 in federal elections. Bundlers pool donations from fundraising networks and, as a result, “play an enormous role in determining the success of political campaigns,” according to government watchdog Public Citizen. [snip]

Yes, that would be a bit of a problem. And it also helps explain how someone who has made such a mess of the DOJ got his position. Of course, I am referring to Eric Holder, who has been just a disaster in upholding federal law (the examples are too numerous to mention here, but the dismissal of the clear cut voter intimidation by the New Black Panthers case is the tip of the iceberg).

There is so much more to this story I cannot possibly recount it all here, so I urge you to read it all. It goes into more detail about those who got these positions, but I have to leave you with one more example:

[snip] In March 2009, Obama appointed $500,000 bundler and law school pal Julius Genachowski to chair the Federal Communications Commission, an independent agency. Two other bundlers at the FCC are chief of staff Edward Lazarus, a litigator and former federal prosecutor, and William T. Lake, a lawyer specializing in communications and e-commerce issues who serves as chief of the media bureau.

Genachowski had previously served as chief counsel to the FCC chairman in the 1990s, but his close ties to Obama have raised eyebrows. He has turned up so often at 1600 Pennsylvania Ave. that in March, congressional Republicans demanded an accounting of whom he has met with and what was discussed. [snip] (Click here to read the rest.)

You know someone is spending a lot of time at the White House when US Representatives are demanding to know just what the hell they are doing there all of the time.

Ah, yes – the only thing transparent about Obama is how much “change” he is getting from his bundlers. I mean, members of his Administration. Heaven knows, they siphoned a whole boatload of it into his coffers. He is returning the favor with OUR change.

That is the kind of change I can do without.

Oh, and these positions aren’t just “fun” ones, like being the Ambassador to the Bahamas, for instance. You may have heard of this position: US Attorney General. Yes, indeedy, Eric Holder was an Obama contributor, though comparatively speaking, he and Susan Rice got their jobs for not a whole lotta green (between $50 – 100,000). Ain’t politics GRAND?

Naturally, rhese are paid positions – and the pay is mighty nice, as you will see below. What you might not realize is that there are actually professional diplomats. You know, people who know how to play the game of diplomacy. They would not be in this group of folks Obama is putting into these plum roles, either. Oh, you know they’re happy about that – not.

Fredreka Schouten had this article in USA Today, Top Obama Fundraisers Get Posts. She should have written, “Plum Posts” in her title:

More than 40% of President Obama’s top-level fundraisers have secured posts in his administration, from key executive branch jobs to diplomatic postings in countries such as France, Spain and the Bahamas, a USA TODAY analysis finds.

Twenty of the 47 fundraisers that Obama’s campaign identified as collecting more than $500,000 have been named to government positions, the analysis found.

Overall, about 600 individuals and couples raised money from their friends, family members and business associates to help fund Obama’s presidential campaign. USA TODAY’s analysis found that 54 have been named to government positions, ranging from Cabinet and White House posts to advisory roles, such as serving on the economic recovery board charged with helping guide the country out of recession.

Nearly a year after he was elected on a pledge to change business-as-usual in Washington, Obama also has taken a cue from his predecessors and appointed fundraisers to coveted ambassadorships, drawing protests from groups representing career diplomats. A separate analysis by the American Foreign Service Association, the diplomats’ union, found that more than half of the ambassadors named by Obama so far are political appointees, said Susan Johnson, president of the association. An appointment is considered political if it does not go to a career diplomat in the State Department.

That’s a rate higher than any president in more than four decades, the group’s data show, although that could change as the White House fills more openings. Traditionally about 30% of top diplomatic jobs go to political appointees, and roughly 70% to veteran State Department employees. Ambassadors earn $153,200 to $162,900 annually.

Dang – that’s a mighty nice salary! Can you imagine being the Ambassador to, well, anywhere, but I’ll pull one out – BELIZE – and getting that kind of salary? And BONUS – you don’t even really have to know how to do the job!! Sheesh! No wonder real diplomats are a bit peeved:

“It is time to end the spoils system and the de facto sale of ambassadorships,” Johnson said. “The United States is best served by having experienced, knowledgeable and trained career officers fill all positions in our diplomatic service.”

The administration is “well aware of the historical target of career vs. non-career ambassadors, and we will be right on that target,” said White House spokesman Thomas Vietor. He said the first round of diplomatic jobs traditionally go to political appointees because those are the first available when a president takes office.

Vietor said Obama also made it clear early on that he would “nominate extremely qualified individuals who didn’t necessarily come up through the ranks of the State Department but want to serve their country.”

Among the top Obama fundraisers with jobs: former technology executive Julius Genachowski as chairman of the Federal Communications Commission and Nicole Avant, a music industry executive who is the top envoy in the Bahamas. Neither granted interview requests.

Always a man of his word, that Obama. Ahahahahaha – I could barely type that out. I mean, he does say words, and so what if he rearranges the order of those words from time to time so that their meaning is the exact opposite of what he said previously? Picky, picky.

I know you are worried about those people who gave Obama a bucket of money who DIDN’T get to come work in the White House, or in Paris. Don’t you fret – Obama is taking care of them, too:

Those not in the administration benefited in other ways, including attending invitation-only White House bashes, such as a St. Patrick’s Day gala.

Fundraiser David Gail, a Dallas lawyer that the campaign identified as raising between $100,000 and $200,000, joined dignitaries in July for an East Room country music concert featuring Alison Krauss and Charley Pride. He said he greeted Obama after the event but doesn’t have special access to the president, who was elected on a pledge to change business-as-usual in Washington.

“I’ve seen people who have been included on conference calls or events who were very involved at the grass-roots level,” Gail said.

“Contributing doesn’t guarantee a visit to the White House,” White House press secretary Robert Gibbs said Wednesday, “nor does it preclude it.”

Oh. My. GODDESS. Have you ever seen such mealey mouthed contradictory hooey? Oh, wait, you probably have – the LAST time I quoted Gibbs. You know, someone who can hedge like that ought to have a career in landscape design, for cryin’ out loud.

Okay, so some of these people aren’t ambassadors, or the US Attorney General, or Chair of the FCC, but they are still getting by:

Others not on the campaign’s list of official bundlers also have reaped rewards.

Sacramento developer Eleni Tsakopoulos-Kounalakis, a fundraiser in Hillary Rodham Clinton’s unsuccessful presidential campaign, was nominated this month by Obama to serve as ambassador to Hungary. Clinton is now secretary of state.

Tsakopoulos-Kounalakis did not respond to interview requests, and her office referred calls to the White House.

It’s too early to tell how big a role Obama’s fundraisers will play. On the ambassador front alone, nearly 100 top positions remain unfilled, according to the American Foreign Service Association’s tally.

Ronald Neumann, president of the American Academy of Diplomacy, wants Obama to limit political appointees to about 10% of diplomatic jobs. “The direction is not good,” he said of Obama’s appointments to date, “but you cannot definitively say what the picture will be for the whole administration.”

“The direction is not good.” Uh, yeah. These are the people either running our country, or having an impact on foreign affairs, or charged with ensuring the very laws that govern our land. And you wonder why Washington is such a mess. The people who are running it are the ones who washed someone’s back, and are simply getting their payback. It is some kind of payback they are getting, too – plum positions, and positions of power. All because they have deep pockets. I bet that makes you feel all warm and fuzzy inside (for me, it is my blood pressure rising).

Below is the list of people thus far, also from the USA Today article. Have fun perusing it and seeing just what a few hundred grand will get you. Wait, is THAT the kind of “change” Obama meant??

FROM FUNDRAISER TO STAFFER

President Obama has named 54 fundraisers to government positions. Here’s a look at who they are and how much they raised. The campaign reported fundraising in broad ranges only.

RAISED MORE THAN $500,0000

Nicole Avant Ambassador to the Bahamas
Matthew Barzun Ambassador to Sweden
Don Beyer Ambassador to Switzerland and Liechtenstein
Jeff Bleich Ambassador to Australia**
Richard Danzig Member, Defense Policy Board
William Eacho Ambassador to Austria
Julius Genachowski Chairman of Federal Communications Commission
Donald Gips Ambassador to South Africa
Howard Gutman Ambassador to Belgium
Scott Harris General Counsel, Department of Energy
William Kennard Ambassador to the European Union**
Bruce Oreck Ambassador to Finland
Spencer Overton Principal Deputy Assistant Attorney General
Thomas Perrelli Associate Attorney General
Abigail Pollack Member, Commission to Study the Potential Creation of a National Museum of the American Latino
Charles Rivkin Ambassador to France and Monaco
John Roos Ambassador of Japan
Francisco Sanchez Under Secretary of Commerce for International Trade
Alan Solomont Ambassador to Spain and Andorra**
Cynthia Stroum Ambassador to Luxembourg**

RAISED BETWEEN $200,000 and $500,000

A. Marisa Chun Deputy associate attorney general
Gregory Craig White House counsel
Norman Eisen Special counsel to the president for ethics and government reform
Michael Froman Deputy assistant to the president and deputy national security adviser for international economic affairs
Mark Gallogly Member, Economic Recovery Advisory Board
Max Holtzman Senior adviser to the Agriculture secretary
James Hudson Director, European Bank for Reconstruction and Development
Jeh Johnson General counsel, Department of Defense
Samuel Kaplan Ambassador to Morocco
Nicole Lamb-Hale Deputy general counsel, Commerce Department
Andres Lopez Member, Commission to Study the Potential Creation of a National Museum of the American Latino
Cindy Moelis Director, Commission on White House Fellows
William Orrick Counselor to the assistant attorney general
John Phillips Chairman, Commission on White House Fellows
Penny Pritzker*** Member, Economic Recovery Advisory Board
Bob Rivkin General counsel, Transportation Department
Desiree Rogers White House social secretary
Louis Susman Ambassador to the United Kingdom
Robert Sussman Senior policy counsel, Environmental Protection Agency
Christina Tchen Director, White House Office of Public Engagement
Barry White Ambassador to Norway
RAISED BETWEEN $100,000 and $200,000
Preeta Bansal General counsel, Office of Management and Budget
Laurie Fulton Ambassador to Denmark
Fred Hochberg President, Export-Import Bank of the United States
Valerie Jarrett Senior adviser to the president
Kevin Jennings Assistant deputy secretary of Education
Steven Rattner Treasury Department adviser
Miriam Sapiro Deputy U.S. trade representative**
Vinai Thummalapally Ambassador to Belize

RAISED BETWEEN $50,000 and $100,000

Eric Holder Attorney general
David Jacobson Ambassador to Canada
Ronald Kirk U.S. trade representative
Rocco Landesman Chairman, National Endowment for the Arts
Susan Rice Ambassador to the United Nations

** Nominated, not yet confirmed by Senate; *** National finance chairwoman
Sources: Obama campaign, Public Citizen; White House; USA TODAY research
Contributing: Andrew Seaman

OF NOTE: Too many blogs, particularly the Hillary-friendly blogs, would never publish a Dick Morris video, solely because of what he’s said about Hillary and Bill. I think that that is a mistake. Let’s leave such strict censorship to the Daily Kos crowd. I’m willing to listen to anyone whose commentary strikes a chord within me, or at the very least raises highly important matters that — sigh — our media do not cover.

I didn’t know that Morris does videos. Here is the link to his YouTube channel.

Mr. Morris’s blog contains more interesting thoughts, including these recent posts:

• “OBAMA, GM: YOU BREAK IT, YOU OWN IT (right on, Dick!)
• “OBAMA’S WORST JOBS-KILLER,” published April 1 in the New York Post:
  

  More than anything else, business needs a predictable environment if it is to create jobs. Changes in the regulatory environment and the tax code make it almost impossible for businesses to make investments.

  Yet President Obama seems to ignore this reality. Each day’s news brings another bold and far-reaching proposal to change the fundamentals of the US economy. And each time he indulges his personal ideology with such a pronouncement, businesses all over the world cut back on their planned investment until the dust settles.

  Most incredible was the fact that he chose the middle of a deep recession to announce a major tax-code overhaul. …

• “OBAMA SOAKS THE RICH: CHURCHES, DAY CARE, HOMELESS SHELTERS,” printed March 28th:
  

  President Obama’s glib assertion that his reduction in tax deductions will not reduce donations is absurd. His pathetic defense at his press conference – that he would still give a $100 dollar check to charity even if he only got $11 less of tax deduction from it was both disingenuous and beside the point.

  And his comment that his reduced deduction would only impact one or two percent of the nation misses the point that it is these folks who are doing almost half of the donating.

  In 2006, the most recent year for which data is available, four million taxpayers had adjusted gross incomes of $200,000 or more. They comprised 3% of the tax returns, made 31% of the income, but donated 44% of all charitable contributions. Together, they provided charity with $81 billion in that year. …

You can’t say we’re not eclectic in what we post here, eh?

1) At BriefingRoom.TheHill.com, Judd Gregg says the U.S. couldn’t even join the E.U. because of the U.S.’s debt levels.

“We won’t even be able to get into the E.U. if we wanted to,” Gregg said this morning on MSNBC, “because our government is so large and so huge.”

The European Union’s Stability and Growth Pact (SGP) adopted in 1997 requires a budget deficit to be less than three percent, and requires a national debt beneath 60 percent of Gross Domestic Product (GDP).

“We’ve been lectured by France on the fact that we’re not fiscally responsible right now,” Gregg, the would-be commerce secretary, noted with incredulity.

That hurts.

2) The Weeklystandard.com notes that Obama’s been indulging in “just words.”

Some of what Obama says is just pablum and isn’t supposed to be taken as serious economic thought. At least I hope not. Rather, it might be called economic morale-boosting. Nothing wrong with that, unless he actually believes what he’s saying.
———-
Nor is Obama up to speed on tax incentives. He dismissed the fear of charities that a proposed reduction in the tax deductibility of donations by upper middle class and wealthy Americans would curb giving. “If it’s really a charitable contribution, I’m assuming that that shouldn’t be a determining factor as to whether you’re giving that $100 to the homeless shelter down the street.”

That’s easy for him to say. Every charity from museums and arts groups to hospitals is terrified by the proposed tax change. And it’s a fair assumption that they know a tax disincentive when they see one. The question is whether Obama does. Perhaps not.

Perhaps charities better front load all they can get from donors now. Obama seems to think a tax deduction doesn’t matter AT ALL. Maybe not for him. Last I heard, his tax returns showed very little charitable giving.

3) The Atlantic has a stunning piece about the financial mess. Here’s the summary:

The crash has laid bare many unpleasant truths about the United States. One of the most alarming, says a former chief economist of the International Monetary Fund, is that the finance industry has effectively captured our government—a state of affairs that more typically describes emerging markets, and is at the center of many emerging-market crises. If the IMF’s staff could speak freely about the U.S., it would tell us what it tells all countries in this situation: recovery will fail unless we break the financial oligarchy that is blocking essential reform. And if we are to prevent a true depression, we’re running out of time.

I’ve often wondered if oligarchy isn’t the right term for what and/or who is driving U.S. policy.

4) Realclearpolitics has an interesting piece about the current economy and the lessons learned from the 30s.

Anybody who wants to pontificate about the economy, or the budget, or the deficit right now should think about three questions:

1. What changed the Depression from an ordinary recession into a worldwide catastrophe? (And how bad was it, anyway?)

2. Is this crisis the same or different?

3. If there’s risk of another depression, how do we stop it?

Interesting stuff.