John Dickerson
"The problem for the White House is that it's way too early -- about 2 a.m. in this economic recovery. The neighbor's cat is howling, somebody's car alarm is going off, and the nation is irritable and disoriented." - Dana Milbank
"We all know that the rate of job growth is too slow to bring down the unemployment rate, and the continued weakness in the job creation remains a major challenge. Most Americans, at least in the neighborhoods I grew up in, don't feel GDP growth. They don't sit around the table if they've lost their jobs and talk about how the Nasdaq is climbing." - Joe Biden
"Banking is founded on a moral basis and not a financial basis. The trouble today is that you bankers are too narrow-minded. You don't know the country or what is going on in it and the country doesn't trust you. You are not interested in the development of the country. … You take no interest in the small borrower and the small enterprise which affect the future of the country, but you give every attention to the big borrower and the rich enterprise. … You bankers see nothing beyond your own interests. … You should be broader minded and see what is best for the country in the long run." - Woodrow Wilson
It looks like Obama will get his wishes on financial reform, and the resulting packages and votes will be a bipartisan effort, as more Republican Congressmen are making public statements to that effect. Even though the lobbyists for the banking industry and Wall Street firms are pouring millions of dollars into bribes, er, influential meetings with the Senators, public opinion is highly in favor of reform. Anyone who has had to pay a bank fee or late payment interest fee on a credit card, which is just about everyone, would like to see those ripoff policies changed. Yep, soon we will become more like Europe, where they never had many of the crooked banking fees to begin with...
Banks that trade in derivatives have already seen about $30 billion of potential investment deals pull out of the market since the SEC announced its indictment. The big boys are worried that if more regulation takes place and they have to have a level playing field, more money could be lost. Morgan Stanley estimates that their annual revenues will go down by $3 billion, worst case scenario. The SEC began investigating Goldman Sachs back in 2008, and notified the bank several times on the development of its case, so the Republican claims that the timing of the case was a bit curious doesn't hold up, another incident of wild speculation...
arizona tea...
Arizona has always been a squirrely state, famed for a desert wasteland transformed into a place where old Mafiosa could retire, a place famed as a breeding ground for right wing political thought before hippies began scurrying about the desert looking for peyote; think of Barry Goldwater basting in the hot hot desert sun, feverishly scribbling notes by the backyard swimming pool, and this was in a time before the mass prescriptions of neuroleptic drugs...
Now, the Arizona legislature has passed an immigration bill that has caused its Hispanic Senator, Raul Grijalva, to call for a boycott of his state : "The bill, which would require police officers to question people about their immigration status if there's reason to suspect they're not here legally, has been approved by the state House and Senate, and will become law if Gov. Jan Brewer (R) signs it. "We're codifying into law, if the governor signs this, racial profiling, discrimination under the Constitution," he said on MSNBC last night, adding that the bill is "fundamentally racist."
"The consequences we can only bring up right now is economic sanctions," Grijalva said. "We're asking organizations -- civic, religious, labor, Latino, organizations of color -- to refrain from using Arizona as a convention site, to refrain from spending their dollars in the state of Arizona until Arizona turns the clock forward instead of backwards and joins the rest of the union."
al-qaeda in the maghreb...
First came the fatwa issued by a Pakistani cleric against all forms of violent terrorism. It seems to have spurred an opposite reaction, with the Taliban murdering a popular Kandahar politician while he was kneeling for prayer at a mosque, and Iraqi insurgents murdering families inside of their homes, including small children, like the serial killers they are... Then came the announcement that al-Qaeda was hurting for money and may have to file for bankruptcy... Now the Saharan countries of Algeria, Mali, Mauritania and Niger are joining forces to battle the al-Qaeda groups, who have joined with the Toureg and have become well entrenched:
"We have decided to strengthen our intelligence co-operation against all forms of insecurity and, therefore, plan to move towards joint military operations against terrorism, kidnappings and the trafficking of drugs and weapons,"This has been a desolate, rough terrain, unhospitable to Western aid workers, tourists travel at their own risk: "Al-Qaeda fighters last year killed a British man, Edwin Dyer, who was kidnapped on the border between Niger and Mali... They also shot dead a US aid worker in Mauritania's capital last June, and carried out a suicide bombing on the French embassy there in August that injured three people... Two Spaniards are believed to be in al-Qaeda's hands after they disappeared in November last year from a humanitarian aid convoy in Mauritania... An Italian husband and wife who were seized in Mauritania last year were last week freed in Mali."
Of course, it remains to be seen how serious they are in mounting a successful campaign. Usually, ethnic rivalries and govermental bickering has broken up all past attempts at solidarity. And it may be just a scam to get some attention from the press and more foreign aid from Western countries, especially after the success of the Yemeni government in cutting itself a large piece of the greater economic and military pie... It might also help them if they could get a couple of American-born Muslims to emigrate and set up shop...
in the navy...
Peter Brown reports in the Asia Times that: "Aggressive Chinese war gaming near Okinawa has led to Japanese complaints, particularly after the Suzunami destroyer was buzzed by a Chinese navy helicopter operating from a fleet of warships and submarines. The Chinese exercise, which may have used five surveillance satellites, seems a clear statement of Beijing's intent in securing Taiwan and important lines of trade and communication." Or, it could have been a result from last week's meeting between China's Prime Minister Wen Jiabao and Barack Obama. It might scare the Japanese so much that they will forget all about trying to get the American military base off of Okinawa, heh, heh, heh. Maybe we can renegotiate our contract for the base, and get them to store some of our spent nuclear warheads there. Cruel joke, yes, I know...


































