Tag: TMC Politics

Countdown with Keith Olbermann

If you do not get Current TV you can watch Keith here:

Watch live video from CURRENT TV LIVE Countdown Olbermann on www.justin.tv

If you can’t watch here Timbuk3 has supplied a link to DU

Countdown with Keith Olbermann

If you do not get Current TV you can watch Keith here:

Watch live video from CURRENT TV LIVE Countdown Olbermann on www.justin.tv

If you can’t watch here Timbuk3 has supplied a link to DU

Countdown with Keith Olbermann

If you do not get Current TV you can watch Keith here:

Watch live video from CURRENT TV LIVE Countdown Olbermann on www.justin.tv

If you can’t watch here Timbuk3 has supplied a link to DU

Countdown with Keith Olbermann

If you do not get Current TV you can watch Keith here:

Watch live video from CURRENT TV LIVE Countdown Olbermann on www.justin.tv

If you can’t watch here Timbuk3 has supplied a link to DU

Send In More Clowns

Cross posted from The Stars Hollow Gazette

According to a CBS/NYT poll 71% of Republican voters want more choices. That doesn’t say much about the current field of candidates.

Overwhelming dissatisfaction with the direction in which our country seems to be heading, and mediocre approval ratings for President Obama, should provide plenty of opportunity for Republican presidential candidates to find traction.

But a new CBS News/New York Times poll suggests the current field have a long way to go to impress the nation’s conservative-minded voters.

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Apparently the Democrats aren’t that enthralled about their current only choice:

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And by the way, there were 428,000 new jobless claims filed. Where are the jobs?

Colbert Gets His Super-PAC

Cross posted from The Stars Hollow Gazette

People camped out last night outside the FEC headquarters in Washington,DC to get a seat in the hearing room this  morning. Why? Because Stephen Colbert would be testifying about his request to form a super PAC to raise campaign money. This morning the FEC approved his request:

Stephen Colbert learned an important lesson Thursday at the Federal Election Commission: Even a gifted comedian can’t make campaign-finance law funny.

In a meeting devoid of anything beyond a gentle chuckle, the FEC decided that Colbert could go ahead with his plans to form a self-titled “super PAC” that could raise and spend unlimited money on the 2012 elections.

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The real parody came outside the FEC building, where Colbert began accepting donations from fans for the newly registered “Colbert Super PAC.”

“Some people have said, ‘Is this some kind of joke?’ ” Colbert told the crowd. “I for one don’t think participating in democracy is a joke.”

Colbert continued being coy about the ultimate goal of his new PAC, and whether he would take advantage of a loosened campaign-finance environment to solicit big money from corporations and others. When asked by a reporter when the first ad might run, Colbert said: “I’ve got to get some money first.”

Countdown with Keith Olbermann

If you do not get Current TV you can watch Keith here:

Watch live video from CURRENT TV LIVE Countdown Olbermann on www.justin.tv

If you can’t watch here Timbuk3 has supplied a link to DU

The Constitutional Game of Chicken: The Debt Ceiling & The 14th Amendment

Cross posted from The Stars Hollow Gazette

The 14th Amendment of the United States Constitution:

Section 4:

The validity of the public debt of the United States, authorized by law, including debts incurred for payment of pensions and bounties for services in suppressing insurrection or rebellion, shall not be questioned. But neither the United States nor any State shall assume or pay any debt or obligation incurred in aid of insurrection or rebellion against the United States, or any claim for the loss or emancipation of any slave; but all such debts, obligations and claims shall be held illegal and void.

Republican economist Bruce Bartlett, who believes that the Republicans are playing with “the financial equivalent of nuclear weapons”, argues that Section 4 renders the debt ceiling unconstitutional, and obligates the President to consider the debt ceiling null and void.

. . . .I believe that the president would be justified in taking extreme actions to protect against a debt default. In the event that congressional irresponsibility makes default impossible to avoid, I think he should order the secretary of the Treasury to simply disregard the debt limit and sell whatever securities are necessary to raise cash to pay the nation’s debts. They are protected by the full faith and credit of the United States and preventing default is no less justified than using American military power to protect against an armed invasion without a congressional declaration of war.

Furthermore, it’s worth remembering that the debt limit is statutory law, which is trumped by the Constitution and there is a little known provision that relates to this issue. Section 4 of the 14th Amendment says, “The validity of the public debt of the United States…shall not be questioned.” This could easily justify the sort of extraordinary presidential action to avoid default that I am suggesting.

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Constitutional history is replete with examples where presidents justified extraordinary actions by extraordinary circumstances. During the George W. Bush administration many Republicans defended the most expansive possible reading of the president’s powers, especially concerning national security. Since default on the debt would clearly have dire consequences for our relations with China, Japan and other large holders of Treasury securities, it’s hard to see how defenders of Bush’s policies would now say the president must stand by and do nothing when a debt default poses an imminent national security threat.

Mr. Bartlett is not alone, Garret Epps, journalist and professor of law at Baltimore University, agrees and proposes the President should give a speech declaring, ‘The Constitution Forbids Default’.

Democratic members of the Senate, too, have begun exploring the possibility of declaring the debt ceiling unconstitutional:

“This is an issue that’s been raised in some private debate between senators as to whether in fact we can default, or whether that provision of the Constitution can be held up as preventing default,” Sen. Chris Coons (D-Del.), an attorney, told The Huffington Post Tuesday. “I don’t think, as of a couple weeks ago, when this was first raised, it was seen as a pressing option. But I’ll tell you that it’s going to get a pretty strong second look as a way of saying, ‘Is there some way to save us from ourselves?'”

By declaring the debt ceiling unconstitutional, the White House could continue to meet its financial obligations, leaving Tea Party-backed Republicans in the difficult position of arguing against the plain wording of the Constitution. Bipartisan negotiators are debating the size of the cuts, now in the trillions, that will come along with raising the debt ceiling.

Sen. Patty Murray (D-Wash.), head of the Democratic Senatorial Campaign Committee, said that the constitutional solution puts the question in its proper context — that the debate is over paying past debts, not over future spending.

“The way everybody talks about this is that we need to raise the debt ceiling. What we’re really saying is, ‘We have to pay our bills,'” Murray said. The 14th Amendment approach is “fascinating,” she added.

Let the games continue.

Up dates below the fold.

Take The Money And Run

Cross posted from The Stars Hollow Gazette

After receiving a $10 billion of tax payer money in the financial crisis bailout and making a record $2.7 billion profit in the first quarter of 2011, Goldman Sachs will lay off 1,000 American workers and out source their jobs to Singapore.

The jobs in Singapore are likely to be “high-paying, skilled positions in sales and investment banking,” the same types that are likely to be cut in the firm’s domestic operations, according to one person with knowledge of the matter. This person added that the firm has recently briefed people in Washington about the new overseas jobs because it “is afraid of the fallout” as it plans to slash $1 billion in costs over the next year — a move that will mean a significant, though still undetermined number of layoffs across its operations, though people close to the firm expect the biggest hit to come from the US. Goldman also plans a much smaller expansion in its Brazil unit and in India.

Last year, the Republicans in the Senate, aided by Sen Joe Lieberman and four Democrats, blocked a bill that would have ended tax breaks for companies that shift American jobs overseas. Over the last decade these mega corporations have laid off nearly 3 million American while hiring 2.4 million overseas. These jobs are not low tech jobs as these companies claim but but jobs held by highly educated workers who never expected to find themselves among the unemployed.

Countdown with Keith Olbermann

If you do not get Current TV you can watch Keith here:

Watch live video from CURRENT TV LIVE Countdown Olbermann on www.justin.tv

If you can’t watch here Timbuk3 has supplied a link to DU

Keeping The Door Open To Torture

Cross posted from The Stars Hollow Gazette

During his confirmation hearings to replace Leon Panetta as CIA director, General David Petraeus, the Nato commander in Afghanistan, told Senate Intelligence Committee that:

(Sen. Mark) Udall was clearly trying to get Petraeus to reiterate his opposition to torture – he read back several quotes Petraeus himself had given saying such techniques are immoral and when they’ve been used, they’ve “turned around and bitten us in the backside.” Udall asked, “do you see torture any differently in a CIA context than in a military context?”

But Petraeus instead pivoted to the TV-ready “ticking time bomb” scenario, and said torture might be justified if you have a “special situation” where an “individual in your hands who you know has placed a nuclear device under the Empire State Building. It goes off in 30 minutes, he has the codes to turn it off.” Then he urged legislators to consider crafting such an exception into the law:

I think that is a special case. I think there should be discussion of that by policymakers and by Congress. I think that it should be thought out ahead of time. There should be a process if indeed there is going to be something more than, again, the normal techniques employed in such a case. And again, I — I would certainly submit that that would be very helpful if that kind of debate could be held and if some resolution could be made as to what should be done in a case like that so that it is worked out ahead of time, rather than under an extraordinary sense of pressure in such a situation.

Torture is not a value that Americans have died for and it is beyond being stupid, it is illegal.

Countdown with Keith Olbermann

If you do not get Current TV you can watch Keith here:

Watch live video from CURRENT TV LIVE Countdown Olbermann on www.justin.tv

If you can’t watch here Timbuk3 has supplied a link to DU

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