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Default assumption

One of the default assumptions that most everyone in the health care insurance debate seems to share is that the Democrats will make things better, if not much better. That's the basis of the "progressive" incremental strategy, for example.

But in at least three very big policy areas -- surveillance, executive powers, and financial regulation -- the Democrats have not made things better, and at least in the case of surveillance, have demonstrably made things worse, by consolidating and normalizing Bush's policies. Read below the fold...

New hard drive needed at Pottersville

James Galbraith: "Confidence" will never be restored until bankster fraud is addressed

Via Yves:

JAMES GALBRAITH: That’s the point about the crisis, is that it could have been prevented. The people in authority two, three, five years ago, knew how to prevent it. They chose not to act, because they were getting a political and an economic benefit out of the speculative explosion that was occurring.

Read below the fold...

New post from Kip Sullivan on who will administer "public option"

Go read. I don't have time to post on this right now, but if readers can pick this up in comments, it would be great. Also, somebody who hasn't been banned over at OL might consider posting a Quick Hit on it. Be sure to put "single payer" in the subject line and, just for shits and grins, take a screen dump.

Read below the fold...

Golden Sacks may have violated securities laws, big time

McClatchy:

In 2006 and 2007, Goldman Sachs Group peddled more than $40 billion in securities backed by at least 200,000 risky home mortgages, but never told the buyers it was secretly betting that a sharp drop in U.S. housing prices would send the value of those securities plummeting.

Goldman's sales and its clandestine wagers, completed at the brink of the housing market meltdown, enabled the nation's premier investment bank to pass most of its potential losses to others before a flood of mortgage defaults staggered the U.S. and global economies.

Only later did investors discover that what Goldman had promoted as triple-A rated investments were closer to junk.

Read below the fold...
DCblogger's picture

Politics is a dirty word for democracy

Thread: 

Susie and Atrios have both cried foul on this:

WASHINGTON — Faced with anxiety in financial markets about the huge federal deficit and the potential for it to become an electoral liability for Democrats, the White House and Congressional leaders are weighing options for narrowing the gap, including a bipartisan commission that could force tax increases and spending cuts.

This is disaster capitalism:

step one, pervert the financial system into a kleptocracy, steal everything in sight

step two, use the inevitable crisis as a way of destroying democracy and steal what is left Read below the fold...

DCblogger's picture

Tell Pelosi there is still time for her to do the right thing

[So what's the outcome? I've been Googling, checking around, and nada. What's up? -- lambert]

On Monday Pelosi will decide whether or not to restore the Kucinich Amendment as a managers amendment.

If you live in her district you can contact herhouse site.

If you have a YouTube account you can leave a comment at her YouTube Channel.

If you have a blog you can write an open letter to restore the Kucinich amendment and track back to Speaker Blog. Read below the fold...

BDBlue's picture

Zombie Lies That Will Not Die

Frank Rich in his column about the GOP meltdown in upstate NY's congressional race:

The same Republicans who once deplored Democrats for refusing to let an anti-abortion dissident, Gov. Robert Casey of Pennsylvania, speak at the 1992 Clinton convention now routinely banish any dissenters in their own camp.

Read below the fold...
khin's picture

Race for Ted Kennedy's Senate Seat Ignores Issues

A new poll on the Massachusetts Senate race has state Attorney General Martha Coakley dominating the field with 37 percent support from registered Democrats and unenrolled voters, who are eligible to vote in the primary. That is more than double her nearest challenger, with 14 percent backing Boston Celtics co-owner Steve Pagliuca and 13 percent supporting Congressman Mike Capuano. Read below the fold...

Lorem ipsum, vita brevis

I'm having the best time punting around the C list; the writing is so much better, and the subject matter is so much more interesting. Here's a great paragraph from eye of the storm: Read below the fold...

If you can weird out Keith Richards...

Profiles in courage, as "Open" "Left" makes its single payer censorship policy explicit

[A warm welcome to the usual suspects. What took you so long? -- lambert]

Mr. Bowers loses his touch, and makes a clumsy attempt to conflate snark in a Quick Hit with commentary: "Progressive bloggers don’t write about single-payer because they are afraid of Rahm"*.

Fortunately, I assumed that "progressives" like Bowers would stoop to outright censorship at some point, so here is the post Bowers censored in order to replace with that link: Read below the fold...

Secret English court seizes billions in assets from the mentally impaired

Daily Mail:

A secret court is seizing the assets of thousands of elderly and mentally impaired people and turning control of their lives over to the State - against the wishes of their relatives.

The draconian measures are being imposed by the little-known Court of Protection, set up two years ago to act in the interests of people suffering from Alzheimer's or other mental incapacity.

The court hears about 23,000 cases a year - always in private - involving people deemed unable to take their own decisions. Using far-reaching powers, the court has so far taken control of more than £3.2billion of assets.

Read below the fold...

FDA allows ineffective drugs to stay on the market for years, and says it has no intention of changing

Thread: 
Tags: 

I think "Department of all the Damn Gall" is an understatement.

AP:

The Food and Drug Administration has allowed drugs for cancer and other diseases to stay on the market even when follow-up studies showed they didn’t extend patients’ lives, say congressional investigators.

A report due out Monday from the Government Accountability Office also shows that the FDA has never pulled a drug off the market due to a lack of required follow-up about its actual benefits — even when such information is more than a decade overdue.

When pressed about that policy, agency officials said they have no plans to get more aggressive.

Read below the fold...

Detroit auctions 9,000 properties for as little as $500, but 80% have no bid

Thread: 

Free Image Hosting at www.ImageShack.us

Reuters:

On the auction block in Detroit: almost 9,000 homes and lots in various states of abandonment and decay from the tidy owner-occupied to the burned-out shell claimed by squatters.

Taken together, the properties seized by tax collectors for arrears and put up for sale last week represented an area the size of New York’s Central Park. Total vacant land in Detroit now occupies an area almost the size of Boston, according to a Detroit Free Press estimate.

Read below the fold...

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