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By Brad Friedman on 10/15/2013 4:10pm PT  

As everything falls apart on The Hill tonight, again, Sen. Ted Cruz' speech writer and senior communications adviser Amanda Carpenter just had the temerity to tweet this...

She must be joking, right? Apparently, she isn't. Just completely and entirely tone deaf. Or just plain stupid. Congressional staffers are being forced to buy their health care on the Affordable Care Act exchanges because Republicans in the Senate added that requirement in an amendment during the fight over the ACA's passage in 2010, hoping that it would be a poison pill to kill the bill. The Democrats called their bluff and said, 'Okay, fine.' And now Carpenter is whining about the uncertainty it appears to be causing her.

That, while she and her boss are bringing down the U.S. government and potentially the global economy, in an attempt to keep some 50 million Americans from getting health care at all. Amazing.

* * *

UPDATE: With Fitch issuing a warning tonight that they may soon be forced to downgrade the U.S. government's AAA credit rating, thanks to the GOP's Cruz-inspired threats to default on the debt limit, maybe Carpenter will soon have the chutzpah to whine about the drop in value of her 401k plan.

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By Brad Friedman on 10/14/2013 12:38pm PT  

As the idiotic Republican shutdown continues and debt ceiling collapse looms, GOP approval ratings plummet yet again in latest poll. The new survey from ABC/WaPo finds a stunning 74% of Americans disapprove of the way the GOP is handling budget negotiations, that's up 11 points from before the shutdown started.

But more important to remember, as all of this idiocy drags on --- and as Dems consider some form of "concessions" to allow the GOP the face-saving measures they need to get out of this mess --- are numbers like the following, underscoring just how idiotic and hypocritical all this nonsense actually is...

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By Ernest A. Canning on 10/10/2013 11:03am PT  

Speaking on the floor of the U.S. Senate last week, on the third day of the federal government shutdown, Sen. Elizabeth Warren (D-MA) excoriated Republicans in the House of Representatives as "extremists" and "anarchists", while offering an impassioned case for why "government matters."

[See video and transcript below.]

"When I hear the latest tirades from some of the extremists in the House, I am struck by how vague these complaints are," she said. "The anarchy gang is quick to malign government, but when was the last time anyone called for regulators to go easier on companies that put lead in children’s toys, or for food inspectors to stop checking whether the meat in our grocery stores is crawling with deadly bacteria, or for the FDA to ignore whether morning sickness drugs will cause deformities in little babies?"

She went on to argue that the American system of governance, though far from infallible, can carry out the will of the people who are positioned to correct it and make it better. "Our democracy is an experiment, and it’s always evolving. We constantly redesign and re-imagine and improve on what we do together."

"You can do your best to make government look like it doesn’t work when you stop it from working. You can do your best to make government look paralyzed when you paralyze it. You can do your best to make government look incompetent through your incompetence, and ineffective through your ineffectiveness. But sooner or later, the government will reopen. Because this is a democracy, and this democracy has already rejected your views," she said, before concluding with a message of optimism.

"Today," Warren said, "a political minority in the House that condemns government and begs for this shutdown has had its day. But like all the reckless and extremist factions that have come before it, their day will pass, and our democracy will return to the important work that we have already determined to do together."

* * *

Here's a video of the key section of Sen. Elizabeth Warren's powerful 10/3/2013 remarks on the U.S. Senate floor, (a longer version can be viewed here) followed by a text transcript...

--- Click here for REST OF STORY!... ---

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PLUS: Republicans give standing ovation to Capitol Police who are now required to work without pay during government shutdown...
By Brad Friedman on 10/3/2013 5:06pm PT  

Rep. Randy Neugebauer (R-TX) --- we're inclined to write "(R-Asshole)" --- makes a national disgrace of himself on the Republican Grandstanding Stage that has become the national WWII Memorial...


And speaking of assholes...

--- Click here for REST OF STORY!... ---

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By Ernest A. Canning on 9/30/2013 2:11pm PT  

As the latest round(s) of GOP hostage taking play out in Congress, it's worth stepping back a moment to take note of what is at the heart of their ploy-slash-temper tantrum-slash-effort to undermine the very essence of American democracy.

It's also worth taking note of the fact that it's unlikely, ultimately, to work and, if we can take any lessons from what has happened here in California, is very likely to redound, big time, against the Republicans and their "contempt for the democratic process," as Sen. Bernie Sanders (I-VT) described it Friday, now on display in the nation's capitol.

"This whole debate over Obamacare is just a small part of what this right wing agenda is all about," Sanders observed during an appearance on MSNBC, as he described the twin threats of a government shutdown and defaulting on our financial obligations in the debt ceiling fight a few weeks from now, as but a part of "a right wing extremist agenda funded by people like the Koch brothers…who put hundreds of millions of dollars into the 'Tea Party.'"

Sanders' observation is vital to a comprehensive understanding as to why the very survival of our representative form of democracy may hinge upon a refusal to cave into a tactic that the Senator describes as "blackmail". Indeed, the New York Times describes the latest GOP tactics as the equivalent of a "ransom note" filled with "extortionist demands". President Obama, who once made the mistake of negotiating with Republicans on such terms, now aptly described the GOP threats, in a speech to The Business Roundtable, as a form of extortion.

Sanders noted that it's as if the Republicans now say: "Elections don't matter! We can shut down the government at any time to get our way!"

And, he's right. That's the plan. But it's not likely to get them what they want. More encouragingly, it's very likely to backfire on them completely...

--- Click here for REST OF STORY!... ---

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By Ernest A. Canning on 9/24/2013 11:34am PT  

Yesterday, as the GOP's latest Kabuki theater threat to shut down the government unless "ObamaCare" is defunded continued apace, investigative journalist Kurt Eichnwald tweeted: "How did the GOP persuade so many otherwise rational ppl that a system of private industry competition is government run healthcare?"

He then attempted to answer his own question in a second tweet: "How? How did the GOP do it? With endless streams of lies, dragged out 2 the gullible, from ppl fearful others will learn govnt can help ppl."

True. But the problem is both much worse and far more remarkable than that.

"You have probably heard that the reason people enjoy 'free healthcare' in Australia, in the U.K. and elsewhere is that they pay higher taxes," New York Times' best selling author and video blogger John Green proclaimed, as he openly acknowledged his effort to capture attention with "mind-blowing" facts.

"But, in fact, in the United States we spend more tax money, per capita, on healthcare than Germany, Australia, the United Kingdom or Canada," he explained. "That's right, you pay more in taxes for healthcare than you would if you were British. And in exchange for those taxes, you get...no healthcare."

(Green's "mind-blowing" facts tactic appears to have worked. The video, embedded in full below, has been viewed nearly 3.5 million times since it was published on YouTube last month.)

Green underscored his rant about the outrageous per capita price for health care in the U.S. with an on-screen chart detailing how both public and private per capita healthcare expenditures in the U.S., in 2007, far exceeded such expenditures in those other countries...

--- Click here for REST OF STORY!... ---

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By Ernest A. Canning on 9/16/2013 12:58pm PT  

Today, President Obama offered an address to mark the fifth anniversary of the Lehman Brothers bankruptcy and the beginning of the 2008 collapse of the Wall Street casino or, as the President described it, "the worst economic crisis of our lifetimes." (He also spoke briefly, at the top of his remarks, on our latest mass shooting rampage which took place at the Washington D.C. Navy Yard this morning, reportedly resulting, in the deaths of at least 12 people at the military installation.)

"It was five years ago, this week, that the financial crisis rocked Wall Street, and sent an economy already into recession, into a tail spin," Obama reminded us. "And it's hard sometimes to remember everything that happened during those --- those months, but in a matter of a frightening few days and weeks, some of the largest investment banks in the world failed, stock markets plunged, banks stopped lending to families and small businesses, our auto industry --- the heartbeat of American manufacturing --- was flat-lining."

The President went on to tout the reforms and the recovery that have taken place since that time, arguing that "we’ve cleared away the rubble from the financial crisis and we’ve begun to lay a new foundation for economic growth and prosperity," while conceding "we are not yet where we need to be."

"Most of the gains have gone to the top one-tenth of 1 percent," Obama correctly noted. "So, in many ways, the trends that have taken hold over the past few decades of a winner-take-all economy, where a few do better and better and better, while everybody else just treads water or loses ground, those trends have been made worse by the recession."

Over the weekend, the 40-year old advocacy group, Public Citizen, marked the same occasion of the fifth anniversary of the 2008 crash with an email blast highlighting a few numbers the President did not highlight in his remarks today, including a few jarring stats that remind us how and why, despite the modest recovery and incredibly tepid reforms of the past five years, the "too big to fail" foxes still remain firmly in charge of America's economic hen house...

--- Click here for REST OF STORY!... ---

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By Brad Friedman on 9/15/2013 11:05am PT  

Should be a fun month. Sigh...

[Hat-tip longtime BRAD BLOG Toon Sherpa Pokey Anderson]

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50 years later, the message remains...And so does this man's sign!...
By Brad Friedman on 8/24/2013 2:42pm PT  

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Bush appointee still heads up key financial regulatory agency...
By Ernest A. Canning on 8/20/2013 7:35am PT  

Last year, in a petition to President Barack Obama, the advocacy group Change.Org described Edward J. DeMarco, a holdover from the Bush Administration who still serves as Acting Directer of the Federal Housing Finance Agency (FHFA), as "the single largest obstacle to meaningful economic recovery."

The FHFA controls the government-sponsored mortgage giants, Fannie Mae and Freddie Mac, which own 60% of all mortgages in the United States.

Around the time Change.Org began circulating its petition, New York Times' Nobel Prize winning economist Paul Krugman, called for President Obama to "Fire Ed DeMarco". The blog detailed how DeMarco had, in defiance of the Obama Administration, rejected a U.S. Treasury Department request "that he offer debt relief to troubled homeowners --- a request backed by an offer that the U.S. Treasury would pay up to 63 cents to the FHFA for every dollar of debt forgiven."

Treasury's request was rejected even though, as Krugman explained, "a reduction in debt burdens would strengthen the economy," creating "greater revenues" that could "offset any losses from the debt forgiveness itself."

The fact that a Bush holdover, who, for so many years, has been committed to protecting the same Wall Street casino --- the market created out of mortgaged backed securities --- whose collapse triggered what Krugman insists is now a "depression", is primarily due to the ability of Senate Republicans to block both of the nominations Obama finally made to replace him...

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By Ernest A. Canning on 8/4/2013 1:25pm PT  

In this hilarious segment of The Daily Show (broken into three different clips online, sorry!), John Oliver first presents the case in favor of livable wages for fast food workers...

Next, Fox "News" --- and, most embarrassingly, Neil Cavuto --- unabashedly offer the (extraordinarily flawed) case against it...

Finally, Tracy Burns, also of Fox "News", offers the most embarrassing argument of all...

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With Brad Friedman & Desi Doyen...
By Desi Doyen on 7/25/2013 4:03pm PT  


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By Brad Friedman on 7/25/2013 6:35am PT  

On this week's BradCast on KPFK/Pacifica Radio, we spent zero time on the royal baby or Anthony Weiner! You're welcome!

Instead, economic policy reporter/muckraker David Dayen joined me for a quick discussion about Obama's "big" economic speech at Knox College in IL on Wednesday afternoon; Then it was on to Sen. Ron Wyden's Tuesday warning about NSA "secret" surveillance laws (and we took a bunch of great listener phone calls along with it); We spent some time on the high-ranking Kentucky election official fraudsters convicted of 156 years but now ordered by an appellate court to receive a new trial and the massive voter suppression legislation moving its way through the North Carolina statehouse; and more!

It was a very lively show! Enjoy!

Download MP3 or listen online below [appx 58 mins]...

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Rep. Stephen Fincher, latest in long line of wealthy right wing hypocrites, cites Bible as reason for slashing aid to needy...
UPDATED: GOP-Controled House Passed Farm Subsidies Only Bill
By Ernest A. Canning on 7/8/2013 9:05am PT  

Before their recess for the July 4th holiday, the U.S. House rejected what has, for decades, been largely a no-brainer for the United States Congress: the federal farm subsidies bill.

This year, however, with a Congress as dysfunctional as it has ever been, even that legislative "gimme" has been stymied, for now, by the far Right Republican caucus hoping to slash even more of the food stamp benefits included the bill, and by progressive Democrats furious about cuts to the federal food assistance program that the GOP-controlled House already managed to write into it.

Before the break, the bill was defeated by a 195 to 234 vote margin in what served as a humiliating embarrassment for House Speaker John Boehner. But the $939 billion bill --- which includes both subsidies to farmers (mostly to "Big Ag") and federal food stamp program appropriations --- will soon be coming back, whether Boehner likes it or not.

And, before its return, the hypocrisy embedded in the "Tea Party" caucus' opposition to the bill needs to be highlighted. That hypocrisy is almost certainly best exemplified by one Rep. Stephen Fincher (R-TN).

Even the ordinarily staid New York Times was taken aback by the level of Fincher's hypocrisy that emerged when he quoted the Bible as justification for slashing food stamp benefits for the poor. He claims that assistance, somehow, amount to theft.

But the facts of Fincher's argument are even more embarrassing than that. The Times notes that Fincher himself has "collected nearly $3.5 million in subsidies from 1999 to 2012" in federal support for his 3,000 acre family farm.

"In 2012 alone, the data shows, Mr. Fincher received about $70,000 in direct payments, money that is given to farmers and farmland owners, even if they do not grow crops."

Even more remarkably, his argument in favor of cutting $20 billion in food stamps came during a debate over the bill in a U.S. House sub-committee which voted to increase subsidies to farmers by $9 billion in the wake of last year's record drought. That, of course, was before the reality of his own reliance on federal funding for his family farm was brought to light by the media...

--- Click here for REST OF STORY!... ---

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Watchdog groups, Sen. Warren join demand for transparency...
By Ernest A. Canning on 7/1/2013 8:01am PT  

"The TPP is nicknamed 'NAFTA on steroids.'", Rep. Alan Grayson (D-FL) wrote in a recent email to supporters, explaining what he saw after being allowed to review some of the text of the new, extremely broad, and very classified trade agreement being hammered out behind close doors. "Now that I've read it, I can see why," he added.

His email suggests just how far down the secrecy rabbit hole our nation has traveled, not just in our massive classified surveillance state, parts of which are presently being revealed by former NSA contractor turned whistleblower Edward Snowden, but even in our so-called "free trade agreements" being negotiated, supposedly, on our behalf.

As Grayson warned after reviewing part of the new agreement last month: "There is no national security purpose in keeping this text secret...This agreement hands the sovereignty of our country over to corporate interests"...

--- Click here for REST OF STORY!... ---

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