In Other News Today
If you're not headed to a St. Patrick's Day parade or enjoying the beautiful day outdoors, here are just a few blogs that offer insightful comments about some of the week's news.
On Friday, I wrote about the Bushites causing one of US history's great economic crises because of their anti-regulatory and corporate self-regulation philosophy and policies.
Chris at AmericaBlog has excellent comments about the government's bailout of financial institutions, asking the whereabouts of the free marketers now (standing in line waiting for government handouts) and why the Democratic leadership isn't howling in outrage over the Bush administration's the bailout of Wall Street?
As he says, "To show you what frauds the Republicans are, look at how we raised a $200 billion "loan" that uses the garbage subprime papers that nobody in their right mind wants anyway. Debate? Hell no. Just "poof" out of the blue sky, here's a bailout and a healthy loan to Wall Street, which won't be enough anyway..."
An analysis in the NYTimes speaks to the Bear Stearns government bailout,
"It was an old-fashioned bank run that forced Bear Stearns to turn to the government for salvation on Friday. The difference is that Bear Stearns is not a commercial bank, and is therefore not eligible for the protections those banks received 75 years ago when Franklin D. Roosevelt halted bank runs with government guarantees.
"Bear was, instead, emblematic of a financial system that grew up over the last two decades, one that largely marginalized traditional banking and that enabled lenders to evade much of the regulatory framework that had also begun during the Roosevelt administration."
Meanwhile, Scout Finch over at Daily Kos points out the hypocrisy surrounding the Pastor Wright kerfuffle. As SF writes, "We have now seen more sermons from Barack Obama's minister in 48 hours than we ever did of Mike Huckabee ---- and Mike Huckabee was a presidential candidate for 14 long months. Why is it acceptable to scour every last sermon given by Wright, but only weeks ago we weren't allowed to see or read Mike Huckabee's sermons? In fact, not only was it totally ignored by the traditional media, but the few times the question of Huckabee's sermons was raised, it was brushed aside as inappropriate."
While I've only seen a few of the sermons, and Wright's choice of words might have been imprudent and leaning towards the fiery, those snippets I heard addressed some realities about social and economic injustice in the US, especially under the Bush administration.
Wright also never called the Catholic Church the "great whore" or Hurricane Katrina God's revenge on gays as one of McCain's supporters and endorsers, Rev. James Hagee did. Nor did Wright call on Christians to wage war against the 'false religion' Islam as McCain's other spiritual adviser, Rod Parsley, has done.
John McCain McBush is proud of both their endorsements.
Then we have the chicken hawk commander-in-chief waxing on about how fighting in Afghanistan must be romantic. Digby skewers the moron with this,
"Well, he had his chance for this kind of romantic confrontation with danger and he didn't exactly rush to the front lines did he? Here's what he had to say about that:
Life in Bushland.
On Friday, I wrote about the Bushites causing one of US history's great economic crises because of their anti-regulatory and corporate self-regulation philosophy and policies.
Chris at AmericaBlog has excellent comments about the government's bailout of financial institutions, asking the whereabouts of the free marketers now (standing in line waiting for government handouts) and why the Democratic leadership isn't howling in outrage over the Bush administration's the bailout of Wall Street?
As he says, "To show you what frauds the Republicans are, look at how we raised a $200 billion "loan" that uses the garbage subprime papers that nobody in their right mind wants anyway. Debate? Hell no. Just "poof" out of the blue sky, here's a bailout and a healthy loan to Wall Street, which won't be enough anyway..."
An analysis in the NYTimes speaks to the Bear Stearns government bailout,
"It was an old-fashioned bank run that forced Bear Stearns to turn to the government for salvation on Friday. The difference is that Bear Stearns is not a commercial bank, and is therefore not eligible for the protections those banks received 75 years ago when Franklin D. Roosevelt halted bank runs with government guarantees.
"Bear was, instead, emblematic of a financial system that grew up over the last two decades, one that largely marginalized traditional banking and that enabled lenders to evade much of the regulatory framework that had also begun during the Roosevelt administration."
Meanwhile, Scout Finch over at Daily Kos points out the hypocrisy surrounding the Pastor Wright kerfuffle. As SF writes, "We have now seen more sermons from Barack Obama's minister in 48 hours than we ever did of Mike Huckabee ---- and Mike Huckabee was a presidential candidate for 14 long months. Why is it acceptable to scour every last sermon given by Wright, but only weeks ago we weren't allowed to see or read Mike Huckabee's sermons? In fact, not only was it totally ignored by the traditional media, but the few times the question of Huckabee's sermons was raised, it was brushed aside as inappropriate."
While I've only seen a few of the sermons, and Wright's choice of words might have been imprudent and leaning towards the fiery, those snippets I heard addressed some realities about social and economic injustice in the US, especially under the Bush administration.
Wright also never called the Catholic Church the "great whore" or Hurricane Katrina God's revenge on gays as one of McCain's supporters and endorsers, Rev. James Hagee did. Nor did Wright call on Christians to wage war against the 'false religion' Islam as McCain's other spiritual adviser, Rod Parsley, has done.
Then we have the chicken hawk commander-in-chief waxing on about how fighting in Afghanistan must be romantic. Digby skewers the moron with this,
"Well, he had his chance for this kind of romantic confrontation with danger and he didn't exactly rush to the front lines did he? Here's what he had to say about that:
“I was not prepared to shoot my eardrum out with a shotgun in order to get a deferment. Nor was I willing to go to Canada. So I chose to better myself by learning how to fly airplanes." George W. Bush on why he joined the Texas Air National Guard during the Vietnam War, 1990"
Life in Bushland.
Posted by Kaz at 3/15/2008 3:40 PM 
Categories: Presidential Race, Ethics, Economy, Events and Premieres, Bushites
Categories: Presidential Race, Ethics, Economy, Events and Premieres, Bushites
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