Tag Archives: Congress

Goldman Sachs and the politics of financial reform

Last night, I couldn’t fall asleep so I ended up mulling over the fraud case against Goldman Sachs (GS) for about 3 hours. Here’s my (totally uneducated) take:

Bottom line, this case against GS is not a gamble by the government. The administration wants financial reform much more than they want to “get” GS, but because midterm elections are around the corner and Democrats are already expected to lose a fair number of Congressional seats, the administration really can’t afford to have Republicans running around telling people that financial reform is Maoism in disguise (or in the best interest of the banks…with the Republicans still auditioning opposition strategies, it’s like amateur hour on the Hill). So. What is to be done? How do you pass real financial reform in this political climate without more than a mock brawl? Apparently if you’re particularly savvy, you bring a charge against the most loathed bank on Wall Street based on a disclosure issue that may not actually be technically illegal, but that very clearly sounds like something that should be. The ambiguity of the law is the SEC/administration’s ace in the hole. Either GS settles or loses and financial reform happens because the issue is very clearly illustrated for the public by one great example, or GS wins and financial reform happens because the entire country is incensed that whatever GS did isn’t illegal. Either way, financial reform passes.

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Maybe They Just Want to Belong? Confederate History Month and the Tea Party

It’s been a really, really long time since I last posted. This time around, I hope to vastly improve on the quality of my former posts (it’s always strange looking back at opinion bits and realizing that you kind of sound like a moron…eh). I guess we’ll just see…

This is not a true “post” in the sense that any of this is meant to be coherent. Rather, just a jumble of thoughts I can’t get out of my head at 2:23am. In fact, this was originally written as a comment for an article on NY Liberal State of Mind (you might want to read this first), but I jumped over here before clicking the send…:

I’m from the South, North Carolina specifically. That may not be important to impart, but having spent the vast majority of my life in the South, I have had plenty of opportunity for observation. Having said that, I will now make a ridiculous claim.  I think I might understand, to some degree and academically, a bit of the need that white southerners feel to “honor” the Confederacy. Let me just state that I do not support, to any degree, a Confederate History Month, or any sort of dismissal of Slavery. Leaving Slavery out of the Civil War is like leaving religion out of the history of the Crusades- absurd, historically inaccurate and just, plain bad (“wrong” seems like an indictment too light). My theory, though, is this:

Essentially, I think it comes down to the sense that, as the U.S. became more mobile, as more people began moving into the Southern states and others out, the structures of the original community organizational schemes were lost and those people left behind, aka white southerners, were left feeling not a part of any particular community. A century ago, white southerners, for the most part, would have either been part of a town community filled with people they knew because there wasn’t that much mobility and they had all lived there for a fair amount of time, or they were newer to the country and perhaps still identified with their origin nationality (Irish, Germans, Italians, etc), or they were still identified with a specific Southern church community. All of these areas provided identities for those who were a part of them. Now that the organizational structures are gone, white southerners are those with power but no sense of identity or self, no greater organization into community.

When I say, “I’m Jewish,” I’m claiming a host of experiences, point of view, and history that are specific and give me a place in the world. White southerners have no label like that. Though there are those who believe that labels are generally detrimental, we all use them to self-identity and show identification with larger groups that we consider ourselves a part of. White southerners only have, for the most part, a shared geographic history. Memories of the Confederacy do remind them of a better South as long as they forget that slaves were not just there for the “paternal coddling,” but I think that behind the portion of hardcore racists, most of these people just want to be a part of something.

I see the same thing in the Tea Party. There is, of course, an element of the Tea Party movement that is legitimately racist and just afraid of the black man in the White House, but I think the majority of Tea Party members are looking to be part of a group, to belong somewhere, something we all desire. This doesn’t excuse the bad behavior by some and lack of condemnation by most, but it seems to explain, in my mind, their totally contradictory and inexplicable ‘ideology.’ The ideology isn’t what’s most important, the important part really is the party itself.

Goodnight!

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An Amendment to Kill Medicare?

Anthony Weiner  is like the Superman/Clark Kent of the House- half wonkish and half seriously aggressive. Who else would consider using legislation as an offensive weapon? 

Writes Glenn Thrush from Politico:

Rep. Anthony Weiner (D-NY) says he plans to introduce a politically-targeted amendment forcing Republicans to vote “yes” or “no” on continuing Medicare, the government-run health care program for seniors, on the 44th anniversary of its enactment.

Weiner [who plans to vote yes, obviously] said he wants to tack the amendment onto the health care bill being marked up today — to call bluff on Republicans who say federal intervention into health care has been a failure.

“It’s put-up or shut-up time for the phonies who deride the so-called ‘public option’,” Weiner said.

This guy is a baller.

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Rachel Maddow Discusses the Deathers and Other Anti-Reform Conspiracies

Here’s what I now know about the proposed government takeover of health care:

1. The government wants to kill my grandparents. They will be “put on a list and forced to die early”….by being sent out into the ocean on ice floes…

2. The government is going to use the takeover of health care to promote abortion. The more abortions people have the more the government benefits because (fill in the blank).

Did I miss anything?

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Deathers: The New Birthers

Christopher Beam writes on Slate.com:

First came the “birthers.” Now, as President Obama makes a final push for health care reform, we have the deathers.

Many senior citizens are concerned that health care reform would mean cuts to Medicare. That much was clear at a town-hall meeting hosted Tuesday by the American Association of Retired Persons at which Obama fielded questions from seniors who don’t want to give up their benefits.

But one question stood out. It addressed what the host from the AARP called the “infamous” Page 425 of the House health care bill. “I have been told there is a clause in there that everyone that’s Medicare age will be visited and told to decide how they wish to die,” said Mary from North Carolina. “This bothers me greatly, and I’d like for you to promise me that this is not in this bill.” The host elaborated: “As I read the bill, it’s saying that Medicare will, for the first time, cover consultation about end-of-life care, and that they will not pay for such a consultation more than once every five years. This is being read as saying every five years you’ll be told how you can die.”

“Well, that would be kind of morbid,” Obama said.

The audience laughed. Many observers aren’t so amused. To them, the House bill and health care reform in general are the legislative equivalent of euthanasia.

“Obama’s not going to say, ‘Let’s kill them,’ ” says Charlotte Allen, a conservative commentator and author of The Human Christ: The Search for the Historical Jesus. “But he seems to be perfectly comfortable with the idea that a lot more old people are going to die a lot sooner.”

Deathers point to several parts of the House bill as evidence that health care reform means letting old people die. Most prominent is the end-of-life consultation provision mentioned above. An article on World Net Daily argues that the proposal “specifically calls for the consultation to recommend ‘palliative care and hospice’ for seniors in their mandatory counseling sessions.” In fact, the bill says the meeting must include “an explanation by the practitioner of the end-of-life services and supports available, including palliative care and hospice”—not a recommendation of it. (Emphasis added.) Still, Obama pointed out that it’s not too late to remove the language: “If this is something that really bothers people, I suspect that members of Congress might take a second look at it.”

Another seemingly scary provision is one that permits “the use of artificially administered nutrition and hydration”—or, more accurately, the withholding of it. Betsy McCaughey, founder of the Committee To Reduce Infection Deaths and former lieutenant governor of New York, wrote an influential (and, to many, misleading) critique of Hillarycare in the New Republic 15 years ago. She told me that the provision is a disturbing example of the government making decisions for the patient. But the bill specifically says that an order to withhold, say, an IV drip, must be one that “effectively communicates the individual’s preferences regarding life sustaining treatment, including an indication of the treatment and care desired by the individual.” In other words, a doctor can’t make you do it.

 

Read the rest of the article here.

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Freshman Senators From Colorado Get Smacked Down by Columbine Father for Support of Thune Gun Amendment

As reported by Glenn Thrush at Politico:

Denver Post Ad

 

 

 

 

 

 

 

 

 

The father of a Columbine massacre victim says he’s “disgusted” with Colorado’s freshman Democratic senators for voting in favor of the failed Thune Amendment, which would have allowed licensed owners to transport concealed firearms across state lines.

Tom Mauser, whose son Daniel was murdered a decade ago at the Littleton, Colo. high school, is featured in a full page Denver Post ad questioning the “yes” votes of Michael Bennet and Mark Udall.

“I was disgusted,” Mauser tells POLITICO. “I felt that they were measuring the political winds instead of voting for what they thought was right…  I think they could still get elected [without voting for the Thune Amendment] but they are trying to do something that makes them seem more moderate. It’s ridiculous.”

Mauser, whose son would have been 26, appears in the ad, sponsored by the Coalition to Stop Gun Violence, holding his son’s sneakers.

“We tend to have such a short memory in this country,” added Mauser, who works for the Colorado transportation department.

 

When I learned that my two Senators, Richard Burr (R) and Kay Hagan (D), would be voting for the Thune Gun Amendment, I called and emailed both offices to register my extreme disappointment. I’m generally a supporter of Second Amendment rights, but as former Rep. Tom Davis (R-VA) plainly stated in an ideas piece on Politico, the Thune Gun Amendment wasn’t pro-gun, it was pro-criminal. 

Thank you Sen. Lugar (R-IN) and Sen. Voinovich (R-OH) for your “no” votes!

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Last Call: Thank You, Senator Specter!

This is my final posting for the day, and I think it’s a good one. I don’t know what it is about Senator Specter these days, but I like this guy! Maybe I’m feeling a little ethnic (MOT) pride?

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