Category: 13. Rampant Cronyism and Corruption

  • How Karl Rove Will Win Again

    He’s ready for another close-up. The Rove brand was tarnished in 2006, when Republicans lost control of both the House and Senate. His exit from the White House the following year was dogged by scandals, from the political firing of U.S. attorneys to the outing of CIA agent Valerie Plame. And with his longtime enemy […]

  • California is the New Greece

    Schwarzenegger Warns Of “Terrible Cuts, Absolutely Terrible Cuts” Coming In California: As the state grapples with a horrible budget situation, Arnold Schwarzenegger is warning of pain ahead. Specifically, according to the SacBee, Schwarzenegger press secretary Aaron McLear said: “What you can expect generally is no taxes and terrible cuts, absolutely terrible cuts… We’re not going to get […]

  • Congress Won't Outlaw Insider Trading for Congress Members

    The Wall Street Journal reports today a House bill that would force lawmakers to make greater disclosures on financial transactions and disallow them from trading on nonpublic information is going nowhere fast. That’s right. Members of Congress are currently allowed to profit on insider trading! The bill, which has been languishing in the House for four years, […]

  • SPIEGEL: Huge National Debts Could Push Euro Zone into Bankruptcy

    The ‘mother of all bubbles’: All of the major industrialized countries have lived beyond their means for decades… The United States, in particular, paid for its prosperity on credit… Things couldn’t possibly go well forever and, indeed, the financial crisis put an end to the days of unfettered spending… In March, the rating agencies Standard & […]

  • Peter Schiff on Alan Greenspan Attempt to Dodge Responsibility

    YouTube – Alan Greenspan & ABC Challenge.

  • Flint, Michigan Burns to the Ground

    Since the mayor closed fire stations and laid off firefighters, there have been over 50 fires in the city in the past week. via paxtonland

  • The Democrats' Scam

    Glenn Greenwald details the spineless weaseling of the Democrats in the Congress: All year long, [Congressional Democrats] insisted that the White House and a majority of Democratic Senators vigorously supported a public option, but .. sadly, we have 50 but not 60 votes for it….. [A]dvocates of the public option kept arguing that the public […]

  • Big Gay Roy Ashburn

    I like the part where being gay is worse than drunk driving. From Metafilter: It’s one thing to loathe yourself (and a sign of mental illness if it’s over something that isn’t shameful, like being gay–hell, that’s like hating yourself because you ended up “too short” or “too tall”). It’s another to loathe others like you […]

  • Democrats and Villain Rotation

    Glenn Greenwald breaks it down: This is what the Democratic Party does; it’s who they are.  They’re willing to feign support for anything their voters want just as long as there’s no chance that they can pass it. They won control of Congress in the 2006 midterm elections by pretending they wanted to compel an end […]

  • No One Knows How Goldman Sachs Makes Money

    PBS economist Paul Solman answers viewer mail: Fact is, no one knows for sure where Goldman’s profits come from. So here’s the request: If YOU know how Goldman has been making its money – taking advantage of credulous clients, say, or front-running the big ones (see below) – please write and let us know…. [H]ere’s […]