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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...

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...

Not a parody! I swear!

Common household remedies request

I'm getting tired of waiting for my furnace guy. Any of you with old houses and single pipe steam systems know if this is true?

A representative of the company told me that old-house owners have reported great success with his company's product, J-B Weld on old cast-iron radiators.

Read below the fold...

Pigs fly

And Bareback Andy says something nice about She Who Must Not Be Named:

She can say things that are true, and which Obama can then walk back a little. I'm sure this is deliberate. And I have to say that her performance as secretary-of-state seems to me to be a real highlight of the administration.

Film at 11: Hillary Clinton is a team player and a loyal Democrat.

Read below the fold...

"Half a loaf"

Nice post from The Grumpy Forester.

Don't you love it when "progressives" happily force working folks into choices between what they know is best for everyone*, and what's best for themselves?

NOTE * I love this post from Will Bunch. Read it all to see how what I'm saying here applies. Read below the fold...

Why I love Philly

July 8, 2007.

Although I love some parts of Philly more than others.

NOTE Via Susie. Read below the fold...

Hilarity at Kos: [a|the] [strong|robust]? [Federalist]? [health insurance]? [option|plan] never clearly defined

Knock me over with a feather. Anyhow, front-paged:

[I]n August at Netroots Nation when I asked progressive strategists and activists to think ahead to the end game, and about what our reaction ought to be when Members who'd apparently pledged to oppose any bill without a "robust" public option claimed they needed the latitude to do some other thing, ranging all the way up to... doing the exact opposite of that.

Read below the fold...

Anger

nycweboy, who I obviously should read more often, has a post that captures the zeitgeist perfectly:

Off year election season is just kind of weird; in the "24 hour news" age, there's a whole political evaluation machine sitting around, little to do... and there's always a "trend report" needed for the next year.

And of course, there's the off chance that something real is actually happening.

Read below the fold...

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