AP: Eric Cantor Loses Primary To Tea Partier

AP: Eric Cantor Loses Primary To Tea Partier

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This is stunning.  House Majority Leader Eric Cantor loses his primary?  (83% reporting: 56% Brat,  44% Cantor)  That's not even close!  I feel like I'm being punked! So much for all that "Moderates are back in charge of the Republican Party" and "The Tea Party has lost its power" talk. Did anyone see this coming?  Not me.  Oh wow.

John Carney Adding the Koch Brothers to the Banking Interests He Represents

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The House is currently working on a bill that would re-authorize the Commodity Futures Trading Commission, usually not a controversial event, but this year, those who are looking to unravel Dodd-Frank have wrapped into this bill a number of items that specifically work to give banks more freedom to bankrupt us again. John Carney is right in the middle of this effort to continue to destabilize Dodd-Frank, and in the process, give the Koch Brothers an assist. Here's the earlier Huffington Post front page announcing how Democrats -- even our Democrat -- are working to help the Koch Brothers:
Tuesday Open Thread [6.10.14]

Tuesday Open Thread [6.10.14]

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Jonathan Chait says Obama has accomplished all of his domestic goals that he listed in his Inaugural Address in 2009. I think when people right the book on the Obama Presidency, it is going to be the most eventful in terms of accomplishment since Franklin Roosevelt's. Consider this from Andrew Sullivan:
Imagine the legacy [at the end of Obama's presidency]: no troops in Iraq or Afghanistan; Gitmo closed; universal healthcare entrenched; Iran’s nuclear threat defused; marriage equality in all fifty states; the end of marijuana Prohibition; and carbon energy cut down to size. Repeat after me: meep meep, motherf*ckers.
General Assembly Post-Game Wrap-Up/Pre-Game Show: Tues., June 10, 2014

General Assembly Post-Game Wrap-Up/Pre-Game Show: Tues., June 10, 2014

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I'm hearing alarm bells over a package of corporate bills on today's agenda. Bills like these generally sail through the General Assembly in June, and reflect lawyerly obeisance to their corporate masters. Nobody usually knows what's in these bills, except for the legal sharks and the corporate forces writing the bills for/with them.  Which brings me to HB's  327 and 328.   Both sponsored by Rep. Walker, who is running them, as well as HB's 326 and 329 on behalf of the Corporate Law section of the Delaware Bar. The League of Women Voters, Americans for Democratic Action, and the Delaware Alliance for Community Advancement have all expressed concerns regarding HB 327  and HB 328.   From the ADA:
Delaware is a leader in incorporation. As such, we have responsibilities to ensure we are supporting legitimately-purposed corporations as well as not allowing our state to be used as an easy way for people to set up corporations anonymously and then use them to facilitate drug smuggling, arms trafficking, money laundering, anonymous campaign contributions, or other nefarious activities. Our state’s reputation suffers when we allow bad actors to take advantage of our laws that enable the easy establishment of untraceable shell companies. ...However, these bills are ineffective as written. They do not require information be collected about the real people, often called beneficial owners, who ultimately own or control Delaware companies, and they do not make it any easier for law enforcement to access this information—in fact, for law enforcement to access the information that is collected, someone at the company needs to be tipped off that they are under investigation.