President Obama and every single Democrat who is ever on TV or quoted in the newspaper for the next 20 years should work this sentence into every interview, “We all know that the media has a very conservative bias.”

Keep keep saying that for 20 years day in and day out.

The evidence shows that empty headed morons like Rick Jensen and Hube will come to believe it as gospel based on nothing other than brute repetition.

Read the last 15 or so posts at Eschaton about the Obama administration’s new plan to throw ever more money in the money furnace.

They are short.

Krugman:

This plan will produce big gains for banks that didn’t actually need any help; it will, however, do little to reassure the public about banks that are seriously undercapitalized. And I fear that when the plan fails, as it almost surely will, the administration will have shot its bolt: it won’t be able to come back to Congress for a plan that might actually work.

What an awful mess.

Bottom Line: Obama must think that rich people are the economy. Geither certainly does.

So long as there is a man named George W. Bush, there will be Bushisms:

“I’m going to put people in my place, so when the history of this administration is written at least there’s an authoritarian voice saying exactly what happened.”

Freudian slip much, Mr. former President.

Any regular reader of Eschaton can tell you that the only way we can get out of this economic mudslide it to pre-privatize the banks. Normal economic activity can not return unless the bad asset ticking time bombs are all defused.

They could also tell you that Geithner is dedicated to bullshitting around the margins and pretending that the crap assets the banks are holding will be worth something if the US government throws enough money at the banks.

The upshot is that I find myself agreeing with Duncan Black that history will not judge Geithner or Obama kindly unless they get the balls to pull the trigger on pre-privatization.

This morning Mike Castle slammed President Obama’s address to a joint session of congress saying that Obama has created a “mystical fund” to save banks.

The GOP loyalists stopped short of calling President Obama’s remarks the ravings of an economic “witch doctor” but it was clear that Castle has signed up to be a part of the current GOP smear campaign against Barack Obama intended to obstruct the nation’s economic recovery.

UPDATE NOTE: WDEL must have gotten some heat from Castle – because the posted version of the Frank Gerace report edits out Castle’s egergious “mystical fund” comments.

Rethugs, many trained by Newt Gingrich, have mastered the art of Orwellian double-speak. ‘Death Tax’, ‘Reaganomics’, and the like. They have used these terms in large part to turn the tax code on its head through Kemp/Roth and the Bush tax cuts for the wealthy while misleading the public with verbal sleight-of-hand.

President Obama, starting tonight, is likely to call for steps to rebalance tax inequity. You can be assured that the lemmings of the right will have their talking points ready to go, and that “…the President is waging class warfare” will be Numero Uno on their list.

Let El Somnambulo give you a taste of what class warfare is really all about. It’s been going on for over 20 years.  

For those with ADD, the Beast Who Slumbers will provide you with some choice nuggets from the linked Christian Science Monitor article:

“As recent IRS data show, these elites are paying less in taxes – much less – than their deep-pocket counterparts used to pay. In 2006, the 400 highest-income Americans together reported $105 billion in income, an average of $263 million each.

Having trouble visualizing that? To pocket $263 million a year, you would have to take home over $60,000 an hour – and work 12 hours a day, seven days a week, for an entire 12 months. Sounds tiring, doesn’t it? But most of the top 400 make their fortunes buying and selling assets, everything from stocks and bonds to the exotic paper that helped inflate the housing bubble.

Uncle Sam taxes income from those assets – whether that income be capital gains or dividends – at a much lower rate than income from work.

The current top tax rate on “ordinary” work income sits at 35 percent. But dividends and capital gains from the buying and selling of most assets face only a 15 percent top rate. That’s why in 2006, America’s top 400 paid just 17.2 percent of their $263 million average incomes in federal tax.

Millions of middle-class American families, once you tally income and payroll taxes, pay far more of their incomes in tax. One particularly striking example from billionaire investor Warren Buffett: In 2006, he paid 17.7 percent of his income in total taxes. His secretary, who made $60,000, paid 30 percent of hers.”

So the next time El Burrito Junior and the other silverspoonistas scream ‘class warfare’, ask them what they have done to level the playing field since the days of the Gipper. Class warfare is what they’re all about, and they’ve been winning b/c the dice have been loaded. Time for some new dice.

One Republican claims that we are running out of rich people in this country.

Another says that Justice Ginsberg is going to die in 9 months.

Still another says that President Obama is not an American citizen.

These are not empty headed wingnut talk show hosts like Rick Jensen. They are empty-headed Republican elected officials.
There is a dangerous lack of serious on the Republican side of the American poltical landscape.

Under Dubya, the US proudly joined the Vatican, aka the Holy See (…No Evil from Holocaust Deniers & Pedophile Priests), and the Islamic world in opposing the universal decriminalization of homosexuality.

Cowards that they are, Bush’s henchpersons cited ‘technical issues’ in voting against a non-binding UN Resolution.

Thanks to Obama, that opposition is no longer operative.

In a perfect world, this would not even be an issue. In Bushworld and the Christian Brotherhood of the American Taliban, it was public policy.

Not any more.