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The Obama campaign targets “less-than-reputable” Romney donors yet allows disgraced MF Global CEO Jon Corsine to bundle campaign contributions for their campaign. I guess the slimeballs must only be on the other side. And yes, of course Romney is just as bad. Unfortunately, anger here against banks has had little effect, mainly because Obama hired the architects of the disaster to pretend to clean up the mess they made. In Iceland, banks are forgiving debt. This is because they have a government that genuinely responds to the demands of their people. In The US, the Home [...] Pushed by Silicon Valley lobbyists, the JOBS act exempts start-ups from independent accounting requirements for five years, loosens other rules, and insanely says that pre-prospectus presentations don’t have to be accurate or truthful. [...] James Fallows of the Atlantic has a 12,000 word piece that takes a thoughtful look at Barack Obama as the end of his first term approaches, comparing and contrasting him with his predecessors and trying to assess his strengths and weaknesses. We judge presidents by the specific expectations they ask to be measured against: inspiration [...] Lukewarm populism coupled with vague promises of solutions is no solution at all. Obama makes stirring speeches but often does the opposite of what he promises. Until hundreds of Wall Street banksters are indicted on criminal charges then we we will not have rule of law applied to the 1%. On that point, Obama was [...] Politico, perhaps a bit snarkily, details how liberals bloggers hailed Obama’s recess appointment of Richard Cordray as head of the Consumer Financial Protection Bureau as bold, daring, and – biff bang pow – letting the Republicans have it both barrels. Huh? Presidents since George Washington have made recess appointments. Quite predictably the other party then [...] In the streets of Manhattan, during a weekend in late September, the faces of steel and concrete behemoths staring down at me, I quickly weaved my way through stopped cars. I moved with several thousand others. A collective elation filled the air, surrounding us as we sped forward. Cars honked in support, cab drivers [...] Google Finance It’s increasingly clear, isn’t it, that our supposed leaders in DC are incompetent, craven, and compromised. The debt deal, which they did with as much drama and little intelligence as possible, is just more evasion and kicking the can down the road. But no one is buying their pretend and extend game [...] We had a wide-ranging show last night, with Keith Boyea joining Steve Hynd and myself. Listen to the show on BlogTalkRadio or on iTunes. Topics: Both parties are quite willing to fund-raise off the debt ceiling kabuki, oblivious and uncaring of the consequences, which could include a government shutdown, mortgage rates spiking, and a [...] |  | ||||
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