More Like This Please!
President Obama gives a rousing reminder of what the Congress should be doing and what the stakes are: (in two parts)
[youtube]http://www.youtube.com/watch?v=EJDwbfbpRnQ[/youtube]
Psst. Republicans. Come here and look at this.
It is worse than you think…
Women and Children First
Wetting Their Pants
QOD
Deep FOIA Thought
Insanity
598,000 Jobs Lost in January
Talking Point Smackdown — Honeybees!
One of the resident wingnuts brought up a portion of the recovery package that is supposed to support honeybees — of course, you consider the source and presume that you are dealing with more manufactured outrage over something silly. Little did I know. Yesterday evening, I found out exactly what she was talking about (column by Michael Hiltzik in the LA Times):
What in heaven’s name does Senate Minority Leader Mitch McConnell have against honeybees?
That question haunted my days after I saw the Kentucky Republican on TV fulminating about a provision he found in the proposed government stimulus package. The provision, he said, would provide $150 million for “honeybee insurance.”
“This is nonsense,” he said, as if he took it personally. You had to think he got stung as a kid or maybe caught a local swarm in the act of recruiting aphids for Al Qaeda.
So I resolved to get to the bottom of this scandalous expenditure.
Hiltzik provides some more background here, so make sure you go read it all, but here is the good part:
Jacket-less Bush
Confidence
The classic refrain from Wall Street and the Republicans, in opposition to President Obama’s $500,000 cap on the salaries of those bank executives who have so failed in their jobs that they required billions of taxpayer money, is that 1) the market should determine the salaries; and 2) the best get paid the best.
Those two excuses are, of course, wrong. Banks were failing all last year, but the market did nothing to prevent those failed CEOs and executives from receiving hundreds of millions, if not billions, in bonuses that they did not earn. Indeed, some of the bonuses paid out had the feel of a literal robbery. And if these miserable failures in life did earn that money, if they were the best, then why are banks failing everywhere? Why did they need a federal bailout?
Logic is the enemy of Wall Street now, I suppose. It has always been the enemy of Republicans. But I digress.
His rotundness, Ric Struthers, the head of Bank of America’s credit card operation, was in Wilmington yesterday to talk about irony.
Yes, irony.