Tag Archives: Republicans

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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Governor Ed Rendell (D-PA) on Tea Party rallies

“We had two recent tea party demonstrations in Washington, one a week before the health care vote – drew about 1,000 people.  The tax day rally, by the organizers own estimate was 1,500 people.  If I organized a rally for stronger laws to protect puppies, I would get 100,000 people to Washington.  So, I think the media has blown the tea party themselves out of proportion.”

— Governor Ed Rendell, on Meet the Press

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Jon Stewart on Health Care Reform- Pt. 2 (With “M.D.” John Hodgman)

Every American becomes a congressman and sick people move to a leper resort — all paid for by your kidneys.

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Jon Stewart Discusses Health Care Reform- Pt. 1

Republican scare tactics filter into the real debate on health care reform, taking their toll on President Obama’s sales pitch.

HILARIOUS!

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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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