Blog on the Run: Reloaded

Tuesday, October 20, 2009 8:32 pm

Goring oxen

Filed under: I want my money back. — Lex @ 8:32 pm
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Two items, offered without comment.

Item the first:

The Wall Street giants that received a financial lifeline from Washington may have no compunction about paying big bonuses to their dealmakers and traders. But their willingness to deliver “thank you” gifts to President Obama and the Democrats is another question altogether. …

“There are sensitivities there,” said Scott Talbot, a lobbyist for the industry’s Financial Services Roundtable. Political contributions “can make a donor a target,” Mr. Talbot said. Many involved, though, say the low attendance [at Democratic fundraisers] from those Wall Street giants also reflected a broader disenchantment with Mr. Obama over the angry language emanating from the White House over the million-dollar bonuses and anti-regulatory lobbying. …

Dr. Daniel E. Fass, another chairman of the event who lives surrounded by financiers in Greenwich, Conn., said: “The investment community feels very put-upon. They feel there is no reason why they shouldn’t earn $1 million to $200 million a year, and they don’t want to be held responsible for the global financial meltdown.” Dr. Fass added, “How much that will be reflected in their support for the president remains to be seen.”

Item the second:

A federal judge Monday blocked California from cutting in-home care for 130,000 elderly and disabled state residents whose services would have been reduced or eliminated Nov. 1.

U.S. District Judge Claudia Wilken in Oakland issued a preliminary injunction against $82.1 million in cuts, siding with the plaintiffs’ argument in a class-action lawsuit that the state’s method of determining whose services would be affected was unfair.

“We’re very relieved,” said Melinda Bird, senior counsel for Disability Rights California and an attorney in the case.

The state pays for aides to cook, clean, shop and perform other services to assist the elderly or infirm so they can remain in their homes rather than be forced into nursing homes or other facilities. The Legislature and governor cut $263.5 million in such services from the state budget in July. …

Before Monday’s court ruling, an estimated 36,000 were to have their home services eliminated. Another 97,000 would have had them reduced. The program serves approximately 462,000 Californians.

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