Monthly Archives: January 2009

UPDATED: Mike Castle Joins With Democrats To Call For Larger Federal Role In Insurance Regulation

This is some kind of window dressing or ass covering. Obviously I have been duped by Mike Castle and his staff who are low life lying ass losers.

When I say Castle is a “grown up” I’m talking about stuff like this.

A Delaware congressman is among a group of seven urging new Treasury Secretary Timothy Geithner to increase oversight in the insurance industry.

Rep. Michael Castle (D-Del.) was among the authors of a letter to Geithner Jan. 23 asking him to either create an office within his department or assign someone “to fill a void on insurance oversight and expertise at the federal level.”

“We strongly believe that this would be a valuable – and indeed necessary – interim step which would provide policymakers with insight into issues surrounding the insurance market as reform is contemplated,” the letter reads.

The authors of the letter are Rep. John Adler (D-N.J.), Rep. Melissa Bean (D-Ill.), Rep. John Campbell (R-Calif.), Rep. Andre Carson (D-Ind.), Castle, Rep. Dennis Moore (D-Kan.)and Rep. Ed Royce (R-Calif.)

We all know that the idiotic wingnut talking points about “smaller government” really mean a smaller regulatory presence in the market place that will allow corporations to run amok.

I’m glad Castle does not sign onto that nonsense.

Definition of a Circle Jerk?

aka Bank of America’s board:

ts members are expected to vote Wednesday on the addition of three directors from Merrill Lynch: Charles O. Rossotti, who was the commissioner of the Internal Revenue Service in the 1990s; Joseph W. Prueher, also a retired Navy admiral and former ambassador to China; and Virgis W. Colbert, a former executive at Miller Brewing, according to two people briefed on the agenda. Their approval would raise the number of board members to 20, and would tighten the web that already binds many of the board’s current representatives. Mr. Prueher, for example, met Mr. Franks in the 1990s, when he was commander in chief of the United States Pacific and Mr. Franks was a division commander in Korea. And Mr. Colbert is a member of Augusta National, the Georgia-based golf club, where Mr. McColl, the bank’s former chief, is also a member.

Among its members are Monica Lozano, who publishes La Opinión, a Los Angeles daily, and Patricia E. Mitchell, the former PBS chief. “The perception that Bank of America’s board is provincial and insular does not hold up when you look at the composition,” he said.

Yet some board members are connected in other ways that reveal strong cross-pollinations with other company boards. For example, two of Bank of America’s directors serve as trustees at NStar, a utility company in Massachusetts that is headed by yet another Bank of America board member, Thomas J. May. And the Lowe’s Companies, the home improvement retailer, counts one of Bank of America’s directors as its former chief executive, and another as a current member of the Lowe’s board.

Bank of America’s two most influential members hail from North Carolina. The board’s independent lead director, Mr. Sloan, the founder of an auto parts company, lives in Raleigh. Mrs. Spangler is married to a well-known local businessman, C. D. Spangler, a former president of the University of North Carolina who once shared an apartment in the city with Mr. McColl, the former leader of the bank.

SB 7 – Eminent Domain Passes Senate

SB7 – AN ACT TO AMEND TITLES 10 AND 29 OF THE DELAWARE CODE RELATING TO REAL PROPERTY ACQUISITION AND EMINENT DOMAIN passed the Delaware State Senate yesterday with a 19 voting yes, 1 not voting and 1 voting absent. The two amendments passed 20 yes, 1 absent.

According to The News Journal, Wilmington City Economic Director Joe Di Pinto is a little pissed, but Senator Venables said it best when trying to work out a compromise, “I tried to talk with business representatives about compromise amendments, but we always came back to [the impression] that the government was taking your property for public use.”

WDEL reports that a city attorney said that eminent domain was only a lever in the process and won’t be used. Well, the attorney got that right because now the city can’t use eminent domain to further the ends of developers on the Christina River Waterfront in Wilmington. (Note, there was a video at the WDEL site, but I couldn’t get it to work on my Mac).

Gov. Markell is reported to say that he will sign the bill if it gets to his desk.

You have to love this new pope…

Rolling back the clock:

The St. Pius X Society is a traditionalist group whose 600 priests and 400,000 adherents represent the far right of the world’s one billion Catholics. It was founded in 1970 by a French archbishop, Marcel Lefebvre, in staunch opposition to the modernizing reforms of the Second Vatican Council, also known as Vatican II, including its commitment to ecumenicism, the celebration of Mass in the language of the worshipers, and a greater role for laity and women.

As pope, Benedict has made reaching out to the society an important personal cause, and the Vatican views any reconciliation as an internal matter. Yet in revoking the excommunications, some say he has given another sign that he may be rolling back Vatican II reforms, though he has denied such fears in the past.

Nothing like the man one step down from GOD throwin his support behind the most radical part his church. Why anyone donates money to the church or sets foot in one these days is beyond me. How can someone actively persue their “faith” when their leader does stuff like this?

Oh wait I know, it’s called believing one thing, doing another, ignoring the rest that doesn’t fit your way of life, not caring what the leaders decide or what Jesus would really do and actually doing something about it.

shorter version, being a sheep.

Yet another reason why they will fail horrifically

You’d think the money they are spending on lawyers would go to making their cars more fuel efficient….nahhhhh

and at the same time, they want to keep going with their lawsuits, which have already cost millions and millions of dollars.”

I’ve put in a call to the Alliance of Automobile Manufacturers, which represents all the major automakers, and will let readers know when I hear back.

UPDATE: Yes, they will continue to sue.

Automakers Rep: We’ll Keep Suing

In a telephone interview this morning, Charles Territo, a spokesman for the Alliance of Automobile Manufacturers, which is a party to two of the lawsuits now in federal court, said that the association had no intention of altering its strategy just because some of its members had recently received billions in public money.

“Keep in mind that the money that was given was one to two manufacturers [GM and Chrysler],” he said. “And all manufacturers have opposed the standards. Those lawsuits were brought by the entire industry, to protect the longstanding federal law that says that fuel efficiency standards should be set at the federal level and not by individual states.”

It should be noted that the auto manufacturers have so far lost all the cases that have gone to trial. They have appealed those decisions.

A Real CBO Report on the Stimulus!

Just don’t tell these guys.

And, as Think Progress notes, even the so-called intellectuals in the conservative room don’t know that there is a real report. According to this, AEI denizen Phil Levy writes a blog post today proudly claiming to be one of the Bad Faith Economists that Krugman has called out recently. Note though, that Levy cites the CBO preliminary analysis of a portion of the package from early this month — not the one that was released today! But apparently the media doesn’t seem to have a clue that they have been punked on this thing — Think Progress finds 81 citations to the bogus report in the last week.

So the result:

In an eagerly awaited analysis of the stimulus package, which is set for a vote in the House tomorrow, the nonpartisan Congressional Budget Office concluded that the measure would cost the federal government about $816 billion over the next 10 years and that approximately $526 billion, or about 65 percent, would be spent by the end of September 2010.

This is less than Obama’s stated target of 75% of money out of the door by the end of FY 2010. Some of this (according to the CBO report) is due to the virtual physics of the thing — having more budget authority doesn’t mean that agencies are ready to spend and oversee that spending immediately. In addition, there are some restrictions on when projects can be done. The other thing noted in this report is thatvthis reflects the limitations of “shovel-ready” infrastructure projects — both in the number and the quality of projects. Deferred maintenance and building isn’t just about not having the money, it is also about not having enough information to define needed maintenance and building — and projects that may have been designed and ready to bid but shelved in a shuffling of priorities likely need a bit of review to make sure that at least the original Government Estimate is solid before bidding. There may be a need to ground truth some design data before moving forward. Additionally, there are projects like the carbon sequestration demo that are here that will in no way be complete by FY2010. But there is no doubt that this Bill as it is currently written does not hit the 75% target yet. But don’t take my word for it — you are going to run off and read the CBO report for yourself, so you won’t have to rely on media that is still stuck on He Say She Say — not what the real report tells you.

Hey look, Obama get’s it…

Wierd…

“‘This is where I get to be honest, and I hope I’m not out of school here,’ Obama said in a transcript published by JTA, a respected news service on Jewish issues. ‘I think there is a strain within the pro-Israel community that says unless you adopt an unwavering pro-Likud approach to Israel that you’re anti-Israel, and that can’t be the measure of our friendship with Israel. If we cannot have an honest dialogue about how do we achieve these goals, then we’re not going to make progress.’

“Obama added, ‘One of the things that struck me when I went to Israel was how much more open the debate was around these issues in Israel than they are sometimes here in the United States. It’s very ironic.'”

Wow, it’s going to be hard to be the Best President in Modern History when the guy following you says stuff like that. It is kinda like playing basketball against your dad when you are 8 and thinking he is the best ever. Then you play Jordan and go oh, wow dad, you sucked, this guy is really the best.

Hey look, Voter Fraud…and it’s a GOP guy doin it…

go figure:

One of the voters was Douglas Thompson, who admitted under oath that his girlfriend filled out his absentee ballot application for him, signing his name with her own hand and purporting to be himself. His ballot was rejected because the signature on his ballot envelope (his own) did not match the signature on the application (his girlfriend’s). The Coleman team’s argument appears to be that he is still a legal voter in Minnesota, as the signature on the ballot was his own, even if admitted dishonesty was involved in getting the ballot.

Oh look a 2nd GOP voting illegally and lying about it…man, crazy

Another one of the voters, an older man named Wesley Briest, initially responded that he voted at the polls — not by absentee. Then Coleman attorney James Langdon showed him his absentee ballot envelope, reminding him that he did not go to the polls, too. Upon cross-examination by Franken lawyer Kevin Hamilton, Briest admitted that his wife, who served as the witness on his ballot, did not fully complete the witness section of the absentee ballot.

What’s great is this was supposed to be a guy to SUPPORT Norm Coleman’s case. GEEEE, and look, real voter fraud, it was a GOP vote, and Norm Coleman’s defense team is trying to defend it. Ahhhhh, do you smell that?

BONUS QOD

Why aren’t Jury Duty Return Envelopes postage paid? I received my first ever jury duty summons and am sitting here looking at an envelope that has is not postage paid, YET has the return address the exact same as the Mailing address….

Star Struck Republicans

When I said that news of Obama’s meeting with the Congressional Republicans was going to start to filter out, I was not expecting this:

Republicans are star struck:

A GOP source to TIME’s Jay Newton-Small:

Nearly as many House Republicans sought to get their photos taken with Obama as questioned him about the stimulus during their meeting. – via kos

Bank of America…cleverester bank ever

Feel free to listen to the audio of BofA here:

Three days after receiving $25 billion in federal bailout funds, Bank of America Corp. hosted a conference call with conservative activists and business officials to organize opposition to the U.S. labor community’s top legislative priority.

Participants on the October 17 call — including at least one representative from another bailout recipient, AIG — were urged to persuade their clients to send “large contributions” to groups working against the Employee Free Choice Act (EFCA), as well as to vulnerable Senate Republicans, who could help block passage of the bill.

God I hope this country unionizes big time in the next 4 years. If they are this worried about it, it has to be a good thing for you and the rest of the 90% of the country that need a voice in this economy.

Here is just one comment:

Bernie Marcus, the charismatic co-founder of Home Depot, led the call along with Rick Berman, an aggressive EFCA opponent and founder of the Center for Union Facts. Over the course of an hour, the two framed the legislation as an existential threat to American capitalism, or worse.

“This is the demise of a civilization,” said Marcus. “This is how a civilization disappears. I am sitting here as an elder statesman and I’m watching this happen and I don’t believe it.

Remember that Norm Coleman VS. Al Franken Race? You wonder why it was so important?

“If a retailer has not gotten involved in this, if he has not spent money on this election, if he has not sent money to [former Sen.] Norm Coleman and all these other guys, they should be shot. They should be thrown out their goddamn jobs,” Marcus declared.