Finally, there was Geithnerâs position, which was that despite its scale the financial crisis should be treated more or less as an ordinary lender-of-last-resort problemâthat temporary nationalization would hurt confidence and was unnecessary, that once the panic subsided banks would be OK. A principal part of Geithnerâs argument against nationalization was the belief that a âstress testâ of banks would show them to be in fairly decent shape, and that publishing the results of such a test would, in conjunction with promises to shore up banks when necessary, end the crisis. And so it proved. He was right; I was wrong; and the triumph of the stress test gave him the title for his book.
In hindsight, Summers was right and those urging nationalization were wrong. (Which group includes Paul Krugman and Nouriel Roubini, as well as me.) What Iâm particularly happy about is that the debate took place, in a lot of detail, within the White House, between people who had no ideological axe to grind and who were intent on working out the objectively right thing to do, given the uncertainty surrounding the banking system and the economy.
I gave up on shopping in malls several decades ago. If you find me in a mall these days, it's only because I had no other choice (that's where the local Apple Store is in Ann Arbor, unfortunately, and I have been assimilated by The Apple Borg™). If I do go to a mall, especially around the holidays, I do what I like to call "guerrilla shopping". I know what I need, I know which store has it, I know where the store is. I park, enter the mall, keeping my head down, not making eye contact with anyone, and get in and out before they even know I was there.
With my wife's family, we have developed a tradition of making things for each other. My wife and I are now famous for our fruit jams and jellies. Michigan black raspberries. Michigan cherries. Michigan peaches. Michigan blueberries. Michigan blackberries. We put 'em in a jar and seal 'em tight, as the song goes. My sister-in-law is a wood worker so her gifts are coveted. My brother-in-law is a graphic artist so his gifts are a treat. My mother-in-law makes reusable cloth gift bags so we see her gifts reappear again and again each year, changing hands and making the circuit.
It's a splendid tradition. It challenges us to take time out of our busy schedules to do something creative and receiving a gift that was made by the work of someone else's hands is really a special treat. Best of all, it keeps us out of the damned malls!
Here at Daily Kos, we have our own family, our own kommunity. What's most remarkable to me about this Krazy Kos Kommunity is how amazingly diverse it is. That, combined with the inestimable level of creativity of our fellow Kossacks makes a project like the Kos Katalogue an extraordinary thing to behold.
What's that? You've never heard of the Kos Katalogue? What is the Kos Katalogue, you ask? Well, it's only an online bazaar, a internet street fair of vendors hawking their wares (and services) to the members of this incredible kommunity. With a group of talented creatives this big and this diverse, it only makes sense to put it all in one place so people can stroll down the internet aisles and shop.
Here's the thing: chances are pretty good you're going to be doing at least SOME shopping for the holidays. Why not take advantage of this truly remarkable opportunity to support your kommunity, support your fellow Kossacks, and find a unique gift you wouldn't find in the mall even if you tried?
Make the jump past the orange squiggledegibbet to find out where you can find this iMall of Kreative Koolness called the Kos Katalogue and you can skip the malls completely.
Let me say that one more time: Barack Obama may be the smartest politician alive. He beat the Clinton Machine and is about to do the same to the billionaire SuperPAC'd GOP.
There is strong evidence to suggest the Obama Team essentially politically engineered Paul Ryan's VP selection to make the Medicare fight a central piece of the news cycle and debate, by forcing Romney's hand from a potentially winning "referendum on Obama's economy" frame to the grim "choice between two visions of America: Backwards or Forward". Needless to say, the Romney camp has lost control of the message a mere days after announcing Ryan as its VP, and both of them are in a compromising situation yielding headlines like "The Romney Spell: Paul Ryan Starts Flip-Flopping Days After VP Selection". Whether this is 11-dimensional chess or just chess in the three dimensions we know, none of this is happenstance. Say what you may about Obama's ability to play political chess, but the man knows how to play a long game.
So it was not surprising to discover this morning that, just one day after Romney asked America to swallow, without evidence, that he has paid no less than 13% in taxes for the past 10 years (and uttered with the conviction that this 13% was fair, if it was even referring to income tax proper), and to take his word for it, as if his statement alone ought to suffice and put to rest the public's clamoring to see more than the one year of tax returns he has released, Obama has laid out a masterful trap for Romney: let's make a deal. You show us the money, and we'll move on past the tax returns. It is beautiful, and I'll explain in a moment.
President Obama's campaign is offering Mitt Romney a deal: Release five years of tax returns, and we'll stop demanding more.
The elegant simplicity of this message belies a more exacting strategical brilliance. Three reasons:
Americans love a good deal.
We love walking into a place, haggling with the merchant, and coming away with the smug feeling that we talked the price down. We respond well to coupons and two-for-ones and buy-one-get-one-frees, even when we know deep down that the businesses we just gave our money to somehow got the best us; we probably spent more money overall, but that's okay, because we loved that good deal. We're also a reasonable people; though our individualistic streak is unmistakable, we love "to be leveled with". Give us a good reason why we should not do something, and we may back down even though we really, really want to do it. This is part of our national character. So we know a good deal when we see one, and this "5 years of tax returns" gauntlet is a good deal. The underlying message of this thus connects with us.
Romney cried uncle just a week ago, asking for a truce.
When Romney asked, on August 10, for Obama to please stop attacking his business record and taxes, many of us scratched our heads wondering why Romney believes those things to be off the table, given that he ran in large part on his business cred and that his own father pioneered the sort of tax return transparency that is now industry standard (even if not legally required). It also didn't make him look too commanding, and the implication that we only ought to be talking about "the issues" he finds of value struck many of us as off-key. But the most interesting aspect of Romney's pronouncement was that Romney opened himself up to...a truce. What would he do if the Obama Team called his bluff? Well, they now have. When Jim Messina says, "I am prepared to provide assurances on just that point: if the Governor will release five years of returns, I commit in turn that we will not criticize him for not releasing more -- neither in ads nor in other public communications or commentary for the rest of the campaign. ", he's essentially giving Romney a chance to own up to his call for a truce, and, in doing so, is setting Romney up beautifully to either backpedal or accede–on Obama's terms.
Lastly, the logical tax return endgame for Romney doesn't look good either way.
Regardless of how this all plays out, it will not be good for Romney. This is a veritable trap, and will be said to have been of Romney's own making: he shifted, he swayed, he obstructed and delayed, and at the end of the day, he couldn't take the heat.
Scenario 1: He relented and showed America at least some of his tax returns, and what's in those returns may not be illegal, but will nonetheless show just how much juicier those tax brackets are for the rich, how utterly unfair-for-their-share the tax code is, and how badly we need to overhaul the tax code period. Until recently, how many of us knew what a capital gains tax was? How many headlines were there of the super-rich paying 13% tax rates? Romney's tax releases may end up doing more for the Occupy Movement than the left could ever dream of. (Mind you, this is without the possibility that there may very well be something in those returns that may be an election-year loser: some would say to follow the 2009 return. This is a calculated move.)
Scenario 2: He steadfastly refused to show America his tax returns, even though his father did it; even though his main opponent did it; even though his own vetted VP candidates had to do it; even though it dominated news cycles for weeks; even though citizens at pep rallies demanded it and the right wing ripped him for not releasing them; even though some of his strongest ideological supporters, people like Huntsman Sr., thought he should have; and, most damningly, even though Obama offered him the sweetest deal of all: release returns for just the past five years, and we'll believe what you've said about the past ten.
We ran the clock out on Bain. We're running out the clock on his tax returns. We have over two more months to go until the election, and god knows what Obama's opposition research team has stockpiled for us.
We are winning, and everyone knows it. We are winning despite the billionaires and the Super PACs. But let me remind you of the reason: Barack Obama may be the smartest politician alive.
Aside from racism, the most important source of political power for the far right in the United States is apathy and despair. The same political forces that murdered people for registering to vote in Mississippi just a few decades back and that are still desperately working on voter suppression tactics today also work hard to convince "the wrong kind of voters" that there is no purpose in voting, it's all a fraud, voting doesn't change anything - only suckers turn out to vote, both parties are the same crooks. That's the message that people like Matt Taibbi, knowingly or not, sell to the public often with grossly deceptive arguments. In his latest article, Taibbi makes the argument that the Democrats followed the same "financial bailout" policies as Republicans of rewarding the connected Wall Street banks and neglecting Main Street. Since the facts don't support this argument, he displays an awesome set of rhetorical tricks. Consider how he misrepresents the Democrats Small Business Lending Fund:
Moreover, instead of using the bailout money as promised – to jump-start the economy – Wall Street used the funds to make the economy more dangerous. [...]
Other banks found more creative uses for bailout money. In October 2010, Obama signed a new bailout bill creating a program called the Small Business Lending Fund, in which firms with fewer than $10 billion in assets could apply to share in a pool of $4 billion in public money. As it turned out, however, about a third of the 332 companies that took part in the program used at least some of the money to repay their original TARP loans. Small banks that still owed TARP money essentially took out cheaper loans from the government to repay their more expensive TARP loans – a move that conveniently exempted them from the limits on executive bonuses mandated by the bailout.
The Small Business Lending fund was part of a jobs act sponsored by Barney Frank and a number of the most progressive Democrats in Congress to provide low cost loans to small banks and community investment funds for the purpose of making loans to small business. For example, one of the recipients of SBLF funds is the Federation of Appalachian Housing Enterprises which has doubled its small business lending since getting money from the SBLF. Here's an interesting note from them on green housing for poor people. Another recipient was the Chicago basedIFF which builds low income housing. The micro-finance Opportunity Fund of Northern California also got some SBLF money.
And a substantial majority of SBLF participants — more than 60 percent— have now increased their small business lending by 10 percent or more. In dollars, community bank participants increased their small business lending by $3.4 billion and CDLFs increased their small business lending by $86.8 million. [Treasury]
It's certainly possible that some of the small banks that got this money used it for executive bonuses or worse - just like people sometimes cheat on Federal programs for disaster recovery or to feed the poor. And, of course, the right always argue that we should punish poor people or victims of hurricanes because someone has cheated. But consider how Taibbi has presented this program as a hoax and a fraud and how he has placed it in a context so that he can give the impression it was used to bail out Wall Street. The Taibbi method is to take a kernel of truth and then use it to sell his main proposition: Democrats suck, there is no point in voting, they are all crooks.
Using small-business funds to pay down their own debts, parking huge amounts of cash at the Fed in the midst of a stalled economy – it's all just evidence of what most Americans know instinctively: that the bailouts didn't result in much new business lending.
The truth is that much of the bailout money was misdirected - especially the first tranche of $350 billion that Hank Paulson and GW Bush handed out to their friends on Wall Street. But there was a stark difference when the Democrats came into office in 2009 and that difference has been very important in the lives of millions of people. The most glaring example of that is the use of bailout money by Treasury Secretary Geithner to rescue the auto companies and save millions of jobs. Taibbi's article never mentions this - the biggest use of TARP funds by the Obama administration is not mentioned even once. The resolution mechanism of the Dodd-Frank financial reform bill is also left unmentioned by Taibbi. This bill allows the government "resolve" failures in huge non-bank financial companies like AIG or CitiGroup (which owns Citibank and other non-bank businesses) the way the FDIC resolves failing banks. That is, the government can step in and wind the business down in an orderly manner, making shareholders and bondholders bear the cost of business failure. The government now, thanks to the Democrats, can even "claw back" five years worth of salary and bonus from the executives of such companies. This legal method was not available in 2007/2008. Taibbi's readers will not learn about this because - well because Democrats suck and are the same as Republicans, you know.
Hey, the Democrats suck, all politicians are the same, there is no point in voting - let's let the mobilized far right, the evangelical right, the Tea Party dominate electoral politics because it doesn't make any difference! That's the message that makes David Koch happy. We should be arguing for expansion of programs like the SBLF and for more public funding to direct investment away from Wall Street's casino economy. We should be trying to win the House back for Democrats so that people like Darryl Issa and John Boehner are not able to protect their Wall Street sponsors from market forces. We should be pushing for expansion of co-op business, for fairer taxes that don't penalize work, for a democratized economy that is closer to Thomas Jefferson's ideal than to the Tea Party theory that working people should grovel to the rich. But we can't do any of that if we allow people like Taibbi to succeed in their campaign of witless and deceptive indignation.
Today, upon news that Sally Ride, the first American woman in space, had passed away, Mitt Romney called her one of America's "great pioneers."
I have a question for Romney, a question shared by others:
Are you satisfied, Mitt, that Ride's partner of 27 years, Tam O'Shaughnessy, will be denied federal benefits because of the Defense of Marriage Act?
Are you happy, Mitt, that the partner of a woman you today described as "a profile in courage" will not be afforded the same benefits as those who are, shall we say, less worthy profiles in courage?
Are you beaming, Mitt, now that the partner of the first American woman in space -- about whom you said, "Ride inspired millions of Americans with her determination to break the mold of her time" -- will not receive the federal benefits received by millions of others?
We know the answer.
Which is why we must continue, with determination, to break the mold of our time -- the mold of homophobia and anti-gay bigotry that continues to treat segments of our population as less than equal.
Here we are at the ides of June (kinda like the ides of March, only rather unremarkable and not at all funky), and that means we have a little over four months before the election. We have seen this site and community do a lot of truly amazing things over the years. Look at Netroots for the Troops. Look at the sharing and networking that went on to create something like Tree Climbers.
Witness TexMex's tireless efforts on behalf of ShelterBox and all the wonderful things that group is doing. Behold the organization this baby can muster when needed. The Dkos community has been just amazing on the Limbaugh imbroglio. Efforts like Orange to Blue and Hell to Pay rock.
This blog is one powerful machine, and this machine kills fascists – when we let it. I'm sure everyone can see where I'm going with this, but please hear me out below the squiggeldy-doo.
♥♥♥♥When Smoking Marijuana, (or other smoke-able herbs)-Please Do Not Use Abutane lighter! Butane lighters are not meant to be used like that. You're sucking in a ton of butane lighting a pipe or joint with it. Use Matches!
Better Yet, Vaporize!
I Been Looking For A Vaporizer For Tobacco. My apt buildings went smoke-free.
In my misadventures and research trying to find a vaporizer that works with tobacco,
I've learned that most vaporizers are similar. According to their price.
I learned that the most important thing when purchasing a vaporizer is the sellers guaranty and warranty!
Since I need to purchase one, I've spent the past 4 or 5 weeks researching vaporizers, vape pens, mods, etc. Videos, sellers websites, video tutorials and more.
So Far This Is The Only Vaporizer store/website: I've seen, that offers a 30 Day No questions Asked, Return Policy, Plus A One Year Warranty On All Parts!Vape Vet.com I think I like this vape pen one best. But only with Vape Vets's 1 yr warranty on all parts.
Vape Vets Store
Warranty, Refunds and Returns Policy
Vape Vets Store, are Authorized Resellers for all products shown, and therefore, offer a 1-Year Warranty on parts for all purchases (either through us directly, the manufacturer, or our distributor--depending on the product). Hassle-Free Refund Policy: If you are unsatisfied or unhappy with your item, you may return it within 30 days after you receive it.
I met the owner Daniel in my search for a vaporizer. Not all vaporizers, refund policies and warranties, are equal. ♥♥♥♥♥♥♥♥♥♥
With vaporizer pens, etc concerning quality, you pretty much get what you pay for. Purchasing higher end priced vaporizer is worth the higher price for a better model, as long as you have that one year unlimited warranty. But you also have to know what you are looking for in a vaporizer what you want to put in it makes a difference in performance.
From my experience, for herb, wax, or oil, you can get a decent vape pen for about $80, but for tobacco which heats at a much higher temperature. It's gonna cost an extra hundred dollars.
Vaping is a great investment because even if one pays $170 for one; with the one-year warranty, the most is can cost is about $15 a month to own.
Calculations estimate that at $6 a pack,
I'll save over $3,000 a year, vaporizing my tobacco vs buying rolled packs or cartons.
Loose tobacco is so much cheaper.
It's costs money to produce factory manufactured cigarettes and money for packaging too.
The time and money spent arresting and prosecuting "marijuana offenses", deciding to try to close down dispensaries, regulations on potency, etc, could be much better spent eliminating the hard drugs from the streets and in drug education!Drug education is the key component to keeping children off all drugs!
It's The Recreational Use Of All The pharmaceutical drugs; illegal prescription drugs (pills), and others like, street lab meth amphetamine crack and heroin! That's What's Destroying Our Cities! Pot Heads Don't Mug People, Anyway! So What Do You Think She's High On?An Illustration Of Where Hard Drugs Lead! And Let's Not Forget To Add Alcohol, To The Mix Too!
Contact Government Links to e-mail and postal addresses, and phone numbers for key elected officials.
Although Many Patients; Will Still, Need Prescription Pain Meds, Along With the Marijuana, it will help boost the effectiveness of these drugs and this may enable the need for smaller amounts of prescription drug use! Which is thee dangerous drug! Medical Marijuana distribution could be legally regulated and taxed, like cigarettes and alcohol
Medical marijuana is a lot better pain medicine, especially for chronic pain, than those poison pain pills, my doctors ran up huge Medicaid bills prescribing
Voice of experience here! Doctors almost killed me with pain medications! They ran up a twenty five thousand dollar Medicaid bill, and I also have Medicare! For a not operated on torn rotators cuff and a partially slipped disc in my neck!
It was; like oops, you had an allergic reaction to that one last week, return it to me, or the pharmacy to dispose of and here I'll write you one for something different.You have medicaid, won't cost anything!
Medical Marijuana Is Also To Alleviate Nausea! Do Not Reduce Potency! If potency reduced, it won't work as good!
When a person has medical certification that they are ill enough to be entitled to medical marijuana, potency, addiction, that's just words!
If one will need it forever due to their conditions what's the difference if they're addicted? It's an herb, it grows wild, costs practically nothing and actually works without killing the patient like the pain pills can!
God's Love We Deliver, is the tri-state area's leading provider of nutritious, individually-tailored meals to people who are too sick to shop or cook for themselves.
Just a reminder. Kossack, Navajo is having a fundraiser in her diary,(Hidden America: Children of the Plains), in order to get the People of the Pine Ridge Native American Indian Reservation fuel and heaters for the extremely cold and snowy winters of S. Dakota. 20/20 Special still available on google search. ♥You said to share it, so I am♥
Also, Kossack, AndyT Is Asking People To Send Donations for the new food pantry on the Cheyenne River Native American Indian Reservation (Population Total-8,470 in 2000)
My Mother told me that Thanksgiving was an "American Holiday". She said; it was not an immigrants holiday. Her Parents didn't arrive in America until the 1900's and on my Father's side, about 1880, NYC. When she was a kid, they used to go trick or treating on Thanksgiving!
Castle GardenFrom August 1, 1855 through April 18, 1890, immigrants arriving in the state of New York came through Castle Garden. America's first official immigrant examining and processing center, Castle Garden welcomed approximately 8 million immigrants - most from Germany, Ireland, England, Scotland, Sweden, Italy, Russia and Denmark. Genealogy
Castle Clinton or Fort Clinton was once a circular sandstone fort now located in Battery Park at the southern tip of Manhattan Island, New York City, in the United States. It subsequently became a beer garden, an exhibition hall, a theater, the first immigration station (predating Ellis Island), a very popular public aquarium, and finally a national monument. wikipedia26 Wall Street, New York, NY 10005-1996(212) 344-7220
Founded in 1962 by Cesar Chavez, the United Farm Workers of America is the nation's first successful and largest farm workers Union currently active in 10 states. The UFW continues to organize in major agricultural industries across the nation. United Farm Workers
National Women VeteransMission Statement The mission of NWVU is to ensure that women veterans are made aware and have access to their VA benefits and entitlements including current or pending legislation that impacts VA benefits.
For All The Troops and Veterans, Our Brave Men And Women Everywhere. My thoughts and prayers are with you all.
Hero and Heroine; refers to people, who in the face of danger and adversity display courage and the will for self-sacrifice. That is, heroism, for some greater good, originally of martial courage or excellence. HEROISM
Strength does not come from physical capacity. It comes from an indomitable will.Gandhi
The National Coalition for Homeless Veterans (NCHV)
333 ½ Pennsylvania Avenue, SE
Washington, DC 20003-1148
Toll Free 800-VET-HELP Fax: 202-546-2063
Toll Free Fax: 888-233-8582
The SNAP Map/State Info The Supplemental Nutrition Assistance Program (SNAP) The federal Food Stamp Program, helps low-income individuals and families buy the food they need for good health. Although SNAP is the national name, your state may use a different name.
After several years of hearing how Democrats are demoralized and unwilling to get involved in politics and elections, an event in Ann Arbor showed that the so-called "enthusiasm gap" is slimming and not just by a little bit.
On Sunday, Obama for America (OFA), the official campaign of the Obama reelection drive, opened their campaign office in Ann Arbor. Despite relatively little publicity in our local media, over 100 people showed up to get involved. It was a standing room only crowd. (Click any picture for a larger version.)