You Won't Believe Wall Street's Reaction to Goldman CEO Bonus

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Saturday February 06, 2010 · 9:17 AM PST

2010/02/06 · 09:17

Reacting swiftly and with the compassion it is so often accused of lacking, Wall Street’s top CEO’s and bankers rallied to the aid Goldman Sachs’ CEO Lloyd Blankfein, announcing a weekend fundraising telethon for the industry trailblazer in the aftermath of his devastating 2009 bonus.

Just hours after his firm announced that Blankfein would be receiving just a $9 million bonus, housed in 58,000 shares of the banks’ ever-climbing stock, other top bankers on Wall Street released a statement urging every American to "give what they can" to help Blankfein "weather this recession."

"It’s almost as if he’s taking a bullet for everyone else," said Mark Borges, a principal with Compensia Inc., a Northern California compensation consulting firm.***

CuseDem

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Monday February 01, 2010 · 7:32 PM PST

2010/02/01 · 19:32

So this is starting to get ridiculous:

Senate GOP Filibustering Latest Senate Resolution:

Senate business came to a grinding halt on Monday, as the Republican minority obstructed a voice vote over the chamber’s daily lunch spread.

Generally a voice vote and mere formality, the shock scene came as Sen. Tom Coburn (R-OK) announced he was placing a hold on the spiced ham in the traditional cold cut spread that the legislative body had enjoyed every first Monday of the month for the last 24 years.

CuseDem

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Tuesday January 26, 2010 · 4:34 AM PST

2010/01/26 · 04:34

Pluto has a great diary up right now outlining the NY Times article on the unraveling of the Tea Party Nation convention, and here's a strategy take on it from our side:

So, just hours after I make my Teabagger in Turmoil prediction, it seems the cup is off the saucer. Just as I had hoped, the rank and filers are beginning to feel that itchy corporate feeling on their noses, and they ain’t liking it.

A Tea Party convention billed as the coming together of the grass-roots groups that began sprouting up around the country a year ago is unraveling as sponsors and participants pull out to protest its expense and express concerns about "profiteering."

The convention’s difficulties highlight the fractiousness of the Tea Party groups, and the considerable suspicions among their members of anything that suggests the establishment.

CuseDem

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Monday January 25, 2010 · 12:25 PM PST

2010/01/25 · 12:25

Today, TeacherKen had a great diary highlighting and supplementing EJ Dionne's piece on the need for a populist-progressive revolt in our politics.

I want to add some insight from the ground, as a young person that self-identifies as a populist progressive, and as someone I believe represents the overarching views of a new generation of liberalism, the core group that must vote if Democrats are to have any chance of winning. I've cross-posted this from my blog.:

Going to school in Syracuse gave me an unique perspective on politics. On one side were my liberal, progressive peers, the filmmakers and artists and writers who didn’t worry about someone’s sexuality or religion or race, and, in theory at least because they all grew up comfortably, believed in helping out the poor.

CuseDem

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Friday November 13, 2009 · 11:53 AM PST

2009/11/13 · 11:53

Now this sounds like a good idea:

The Obama administration has alerted domestic agencies to plan for a freeze or even a 5 percent cut in their budgets, part of an election-year push to rein in record deficits that threaten the economy and Democrats’ political prospects next fall.

White House budget director Peter Orszag said Friday that it is imperative to start curbing the flow of red ink in coming years so as not to erode the fledgling economic recovery and raise interest rates. But he called it a balancing act and said acting too fast could undercut the recovery.

Uh, yeah, cutting public spending while the private sector is increasingly cutting jobs and health insurance and turning people out on the street? That definitely could undercut this so called "recovery," though I haven’t seen any signs that it’s actually started in the first place.

CuseDem

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Tuesday September 29, 2009 · 11:37 AM PDT

2009/09/29 · 11:37

This is a similar story to what Eve has for us today, except that 1. it's personal and 2. it has a happy ending. For me, but right now, not for us.

I'm cross-posting this from my site, JordansHeartSucks.com, which I am using to experience a web 2.0 open heart surgery, with blogging, pictures, video and real time updates. I want to spread hope to people who have the same issues I have, raise some money for heart causes and change the way we think about the internet.

But, this isn't about ME. I'll be okay. This is about the 50 million people without health insurance:

There is nary a glimmer of silver lining in nearly dying as an infant, limited athletic ability, a giant scar, more surgery in high school, taking life-dependent medication every single day, going through high school and college stone cold sober, literally ticking and now headed back for more surgery and a month of grueling pain.

Except that I am able to experience this at all.

CuseDem

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Wednesday September 23, 2009 · 2:43 PM PDT

2009/09/23 · 14:43

We have long been leery of the violent rhetoric that right wing hate mongers like Glenn Beck have been stirring up (as has DHS, of course), but whenever someone dares warns that their words could incite true violence, FOX and the GOP come out and knock them for putting violence in peoples' heads. It's a perfect trap, except that, now, people are getting killed as collateral damage from this game.

From TPM, via AP:

The FBI is investigating the hanging death of a U.S. Census worker near a Kentucky cemetery, and a law enforcement official told The Associated Press the word 'fed" was scrawled on the dead man's chest.

The body of Bill Sparkman, a 51-year-old part-time Census field worker and occasional teacher, was found Sept. 12 in a remote patch of the Daniel Boone National Forest in rural southeast Kentucky. The Census has suspended door-to-door interviews in rural Clay County, where the body was found, pending the outcome of the investigation.

CuseDem

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Monday September 14, 2009 · 7:01 PM PDT

2009/09/14 · 19:01

At the core of progressivism, is helping others. Especially the poor. That's what ACORN, the greatest grassroots organization for urban renewal, does.

And if there is one thing the progressive movement needs to grow, it's grassroots organizing. We need to enfranchise and empower the working class to take back this country, make decisions for itself and helps its lot. That's what ACORN does.

That's why the conservatives, starting with the 2008 election, are out to destroy ACORN, and today, spineless Senate Dems dealt it a crippling blow.

CuseDem

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Wednesday September 09, 2009 · 4:46 AM PDT

2009/09/09 · 04:46

So, we don't know how hard he'll lean on it, or if he'll actually demand it, but this is at least some good news heading into tonight's crucial speech to Congress.

Via AP:

Chief White House spokesman Robert Gibbs says President Barack Obama will again cite a need for a public option on health insurance when he gives a prime-time speech to the nation.

Asked if Obama was willing to abandon a government-run plan to get a bill through Congress, the spokesman replied, "No, the president tonight will talk about the public option and will talk about the need for competition" with the private insurance market.

CuseDem

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Sunday September 06, 2009 · 9:17 AM PDT

2009/09/06 · 09:17

Just as I was beginning to believe, beginning to have hope that the White House would stick by its principles and support the public option, this takes the wind out of my sails. It's not a total abandonment, but it feels like the beginning of one.

Via AP:

White House officials said Sunday a government health insurance option is negotiable, signaling a potential compromise on an issue that President Barack Obama's liberal supporters consider do-or-die.

CuseDem

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Saturday September 05, 2009 · 5:14 PM PDT

2009/09/05 · 17:14

This is from Politico, which lives on anonymous sources and leaks, so take it with a grain of salt, but this seems like potentially good news... perhaps the CPC leaders really got through to the President:
What Obama Will Say In His Address:

He will not confront or scold the left. "This is a case for bold action, not a stick in the eye to our supporters," said an official involved in speech preparation. "That’s not how President Obama thinks. The politics of triangulation don’t live in this White House."

Sounds promising... go on...

CuseDem

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Friday September 04, 2009 · 4:07 PM PDT

2009/09/04 · 16:07

The only way that the public option doesn't pass with a Democratic President, Senate and House is if money buys its failure.

We know the Baucus Caucus and the Blue Dogs have been bought by health care lobbyists and PACs. Now, the White House has released the list of those buying the change our President had promised us.

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I Need Heart Surgery. WE Need Public Option

Census Worker Murdered? "FED" found written on chest

Spineless: Senate Dems Strip ACORN of Funds To Help Poor

BREAKING: Gibbs Says Public Option To Be In Tonight's Speech

Here We Go Again: White House Says Public Option "Negotiable"

Aides: Obama Leaning Toward Public Option?

WH Releases List Of Health Execs Buying Our President