Obama helping lobbyists weaken offshore banking laws
One of the few - and I sincerely stress the word "few" - concrete legislative successes progressives notched in the Republican Congress under President George W. Bush came on the evening of July 26th, 2002, when they humiliated the House into passing a bill sponsored by Rep. Rosa DeLauro (D-CT) banning federal contracts from going to companies that engage in tax "inversions." These are the schemes whereby a corporation that is based in the United States buys a P.O. box in Bermuda and uses it to legally avoid paying American taxes.
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Krugman gets it wrong on "Tea Party Republicans"
[T]he G.O.P. has been taken over by the people it used to exploit.
If only the same thing would happen with the Democrats!
Taibbi: Elizabeth Warren for President. In 2012.
Isn't it time to have a Democratic President? A long quote from Taibbi, but a good one. And I'm glad we're starting this discussion now instead of in 2010 or, heaven forfend, 2012:
I’m personally of the opinion that our main problem lay with the fact that the Democratic Party as currently constituted is more afraid of losing the financial support of Wall Street and the health insurance industry and the pharmaceutical industry than it is of losing progressive voters. In fact, I think I’ve put that wrong, because it implies that the Democratic Party pushes the agenda of industry insiders out of fear. That is a misread of the situation, I think.
About that 2013 date for health insurance deform ...
AP gets the date, in full why oh why can't we have a better press corps mode:
Under the Democratic bills, federal tax credits to help make health insurance affordable for millions of low- and middle-income households won't start flowing until 2013 — after the next presidential election. [Quelle surprise!] But Medicare cuts and a sizable chunk of the tax increases to pay for the overhaul kick in immediately. [Quelle surprise!]
The eat-your-vegetables-first approach is causing heartburn for some Democrats. Three years is a long time to wait for dessert...
Oh, health care is dessert? I guess to the press, who have insurance, it is!
... and opponents could capitalize on misgivings about the complex legislation to undo what would be a signature achievement for Obama.
Obama administration officials and Democratic lawmakers say the reason for the three-year wait is the time it's going to take to set up insurance marketplaces, write consumer protection rules and reconfigure the bureaucracy to carry out the legislation. It took President George W. Bush's administration two years to phase in the Medicare prescription benefit, a more modest undertaking.
Right, and it took LBJ only 1 year to implement Medicare -- before computers! Why?
The Bad Magician Takes Tea With Babs

Tea comes from books, which grow out of the heads of corpses. The fine weathered print is dried and placed in the folds of silences, then rolled onto vast, Korean slabs. Many children gather to watch the merchants trade their fingers for the cognizant herbs: they are drinking you as you drink them. A bell rings: Babs has farted in her tub, as per her routine. It is time for The Bad Magician to convert a few hours into steam, hot iron and mordant honey. The bell rings again, and off he goes.



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