Somebody make this guy a senator: Vermont’s Bernie Sanders on reappointing Ben Bernanke as chairman of the Fed: “No, I absolutely will not vote for Mr. Bernanke. He is part of the problem. (If) he’s the smartest guy in the world, why didn’t he do anything to prevent us from sinking into this disaster that Wall Street caused and which he was a part of?” Now all we need is 50 more just like him.
More Sanders, just because it’s so damn refreshing to hear someone standing up to banksters on behalf of taxpayers: “If the taxpayers of this country have spent $700 billion bailing out Wall Street because they are too big to fail, why is it that 3 out of the 4 largest financial institutions today are bigger than they were before the bailout, why is it ok that 4 large financial institutions write half the mortgages, two thirds of the credit cards, and control 40% of the deposits. The bottom line to me is that the middle class in this country is collapsing. We have seen this trend downward for many many years. We need a new direction. We need President Obama to take this country in a new way,new economic policies and you don’t appoint the same old guys if you’re going to do that.”
Relatedly: Fifteen questions the Senate Banking Committee should ask Bernanke but probably won’t.
Shorter McKinsey: The European commercial real estate market to the contrary, 2 + 2 != 5. Even shorter McKinsey: If you own a dime of European commercial real-estate financing, you’re so screwed.
Sex scandals can be/Grounds for excellent haiku/Enter this contest: Talking Points Memo is having a contest to see who can submit the best haiku about one (or more) of 2009′s political sex scandals. Send yours to email@example.com.
AIG? Is not, after all this talk of bonuses for its employees, out of the woods, which means taxpayers aren’t, either. Sigh.
Sarah Palin’s “bus” tour? Also included some trips by chartered private jet. Which would be fine if she’d just, you know, either said that up front or not even made mode of travel an issue. But no.
Even Republicans think Newsweek’s Jon Meacham is an idiot: Meacham said Cheney should be the GOP presidential nominee in 2012. But a WashPost poll of Republicans finds that only one respondent out of about 800 — 0.125% — thinks Cheney best represents Republican principles. And when respondents were asked an open-ended question about who the nominee should be, no one suggested Cheney.
Memo to John Harris of Politico: Explain to me again why thinking rationally about how to solve the country’s problems is a bad thing. Because we tried that whole deciding-with-the-gut thing already and look where that got us.
Reason No. 5,677 why Obama ought to do the right thing on Afghanistan, rather than what Republicans say he should do, courtesy of Andrew Sullivan: “If he ramps up Afghanistan and delays Iraq withdrawal, he will lose his base. If he does the full metal neocon as he is being urged to, he should not be deluded in believing the GOP will in any way support him. They will oppose him every step of every initiative. They will call him incompetent if Afghanistan deteriorates, they will call him a terrorist-lover if he withdraws, they will call him a traitor if he does not do everything they want, and they will eventually turn on him and demand withdrawal, just as they did in the Balkans with Clinton.”
Because if we don’t know about it, then we don’t have to do anything about it: The Supreme Court, overruling an appeals court, lets the Obama administration keep secret some photos of torture. Dammit. We will regret this ruling, and probably sooner rather than later.