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a little night musing's picture
Submitted by a little night ... on Fri, 07/22/2011 - 2:23pm
Departments: 
Department of Bingo!
Thread: 
Economic Apocalypse
Tags: 
Confirmation
Ben Bernanke
Elizabeth Warren
Bipartisanshit
President Fuck You

Commenter Jackrabbit on Matt Stoller's piece at Yves' place about the problematic process of crafting Dodd-Frank*:

Yes, it is interesting and instructive that the Obama Administration found the courage to fight for Bernanke (“Subprime is contained”) vs. the lack of interest to fight for Warren.

We’re not suppose to make these connections. It’s “settled business” as some dimwit recently commented the other day when castigating Yves because she wouldn’t STFU about Warren.

Yup.

But one difference? As Stoller notes, President Fuck You's fight for Bernanke's reappointment was "below-the-radar" (although "bitter"). The difference? For Bernanke he was fighting members of his (allegedly) own party, for the most part.

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* That is, as he describes, the process of crafting Dodd-Frank so that it would not do anything meaningful to avert future financial meltdowns, even prior to having its few teeth pulled.

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Submitted by jawbone on

Yet White House officials have privately told Hill Democrats that this is “the transformational moment” for Obama, and an agreement with Boehner and McConnell would send a clear signal that he is changing the way politics is done in Washington.

Obama wants to be as, or better, more "transformational" than St. Ronnie.

He will sell out anyone to do that.

This is from a Politco report which says Boehner has told Republican House members that a vote must be taken on Wednesday...on something....

The contours of a deal are emerging — Obama and Boehner are aiming for between $2.5 trillion and $3 trillion in cuts, including changes to popular entitlement programs like Medicare and Medicaid. Boehner insisted that he’s continuing talks with the White House, and Boehner on Friday said he doesn’t want to go past the Aug. 2 Treasury deadline in which the U.S. would start defaulting on its debt.

Boehner then goes on to say no agreement reached. Ha.

Get ready to gang banged, one way or another.

Submitted by jawbone on

What's so grand about cutting the social safety net, eliminating children's health programs, firing teachers and firefighters?" asked influential Democratic strategist Donna Brazile in a Twitter message. "That's cowardly."

From Times article on Congressional Dem anger at Obama.

Question is: How easy is if for Obama to buy or bamboozle them out acting on that anger?

My take is he'll lie to them.

Submitted by jawbone on

if I read powwow's comment correctly. (From thread to this Jane Hamsher post.)

At 11:00 a.m. today, according to Reid on the floor just before 11, he and Mitch McConnell will be meeting behind closed doors with the Gang of Six. Reid also said that he personally did not know what was going on between Obama and Boehner (he is not a part of their discussions), but indicated that whatever it is, he will be doing his best to shove it through the Senate, unquestioned. That unknown deal is what Reid has idled the Senate for, and is now waiting to be handed.

Powwow's comment gives a tick tock on the House's Cut, Cap bill being tabled in the Senate-- after Reid had promised full debate and a vote....

Now, no votes until late afternoon Monday.

Whassup with that? And NV constituents who can call his offices?

Turlock