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Wow, the right-wing bias at politicalforum.com continues to get worse. I post a link to Rolling Stones’ Matt Taibi’s terrific story on the the economic crisis and particular details about the AIG mess, and the Mods not only deleted it, but gave me an infraction for not enough “original thought”.

One of the best articles on argueably the most important topic of the decade, and it gets deleted.

I suppose only members (or former members) could appreciate the irony. Here’s a few thread titles that did pass the muster:

Pedophilia – Okay If Child Consents?

Hillary Blames Liberal Americans for Mexican Drug war Killings

Will Obamas Plan to Take your money Succeed?

Homosexuality more dangerous than terrorism in America

Obama’s Daughters Too Good for Public Schools?

Wikipedia is Liberal Propaganda

“Socialist” is code word for “Black”

Why Do Homosexuals Even Want Kids?

Liberal Progressive Democrats, Ignorant or Immoral?

…real thoughtful, stimulating, non-baiting thread topics, eh?

related:

The Economic Crisis – A Primer

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See my previous post: Norm Coleman: worse than herpes

reuters story

WASHINGTON (Reuters) – Republican Norm Coleman, trying to regain his U.S. Senate seat, visited the U.S. Capitol on Tuesday and didn’t rule out an appeal if a Minnesota court rules against him in his recount battle against Democrat Al Franken.

Wanker!!

… as the british say.

monkey-puter1

related:
http://en.wikipedia.org/wiki/Infinite_monkey_theorem

What has to be one of the most head-spinning, self-delusional, revisionist-history quotes of all time was uttered these week by the sexiest nazi she-wolf to come out of the Bush administration, Dana Perino.

In a sitdown on CSPAN’s Washington Journal, the perky blonde said it was “not a secret” that the current economic mess started under her boss’s watch. But, she cautioned, the public had yet to realize the full extent to which the past president’s policies “alleviated the downturn.” Take, for instance, the improvement in the Dow Jones Industrial average this week.

“You were just speaking earlier about the possibility that since we had a little bit of a better week on Wall Street does that spell a turnaround?” Perino said. “Can all the credit go specifically to President Obama? Well, I would say no. We are just going to have to take a while to let all of this settle down and let the policies that our administration and the new administration are trying to put in place have a chance to work.”

Did you catch that?

She actually said Bush’s policies alleviated the downturn and caused the four-day improvement in the stock market last week.

Really?

So, It’s not fair to blame Bush for the current economic woes, but the four-day rally last week was thanks to Dubya!

Really?

Really?

There’s a whole lot happening now in America … bailouts, automaker loans, and an almost trillion-dollar stimulus package. While opinions vary greatly on how to fix the mess, I believe few understand just how we got here.

And surprise, I’m not going to blame George W. Bush, at least not completely.

No, his role was much closer to that of Katrina hitting New Orleans; years of previous government inaction kept levees from being built stronger, inept oversight before and during the storm, and no good plan after the storm hit.

Anyway, for those who want to gain a basic understanding without delving too deep into the minutiae, I’ve listed below a few sources that will give you a good foundation for understanding when you read articles on the different aspects or hear the talking heads try to spin the facts.

First is an excellent “one page” read at the unbiased factcheck.org. You’ll see that neither party has much to brag about as deregulation beginning during the Clinton years gave birth to the lax oversight exponentially grown under the Bush years:

http://www.factcheck.org/elections-2008/who_caused_the_economic_crisis.html

Next is an excellent PBS Frontline documentary which you can watch online, with an interactive timeline:
http://www.pbs.org/wgbh/pages/frontline/meltdown/

Next, we go a little bit deeper with a C-Span talk given by Barry Zigas, former senior vice president at Fannie Mae, who talks about the housing crisis and role of government regulation in financial and housing markets.
http://www.c-spanarchives.org/library/index.php?main_page=product_video_info&products_id=282353-1

Finally, we’ll wrap it up with a tremendous NPR program “the Giant Pool of Money” from Showtime and Chicago Public Radio’s ‘This American Life’ show.

This one really ties it all together by getting to the meat of the problem, the large investors who weren’t happy with the low bond or stock yeilds, and wanted the large payoffs and supposedly “safe” investments that the housing bubble was providing.

In the end, mortgage brokers, banks, Wall Street, bond raters, government officials and even the Federal Reserve all looked the other way as the large profits rolled in from the housing bubble.

Listen online:
http://www.thisamericanlife.org/Radio_Episode.aspx?episode=355

or right-click on these to download the audio and transcript:
http://webeme.com/giant.pool.of.money.mp3
http://webeme.com/giant_pool_of_money.pdf

Talk about your Sore Losermen, the 2000 election debacle was over in 38 days, while almost 4 months have passed and Norm Coleman and his GOP-funded legal team refuse to concede the 2008 Minnesota Senatorial election, even though none of his legal challenges have changed a single vote of Al Frankens’ 225 vote lead since the end of the formal recount.

Now Stormin’ Norman is pushing for a complete statewide revote.

Said Coleman, “Yeah, you know some folks are now talking about simply saying run it again, just run it again … Have another statewide election.”

I guess the party of fiscal responsibilty apparantly has no problem spending taxpayer millions for another election or two, or as many as it takes for Norm to come out on top.

Norm ...the transgender years

Norm ...the transgender years

With Gov. Bobby Jindal’s lame response tuesday night to President Obama’s address, the GOP has officially exhausted their line-up of women and dark-skinned minorities.

First it was Hillary alternative Gov. Sarah Palin, the eternally fertile hockey mom From Wasilla, who left America wondering which was bigger, her bust size or her I.Q.

Then came Michael Steele, whom the GOP recently elected as chair of the Republican National Committee, whose hiring gives a whole new meaning to the words “affirmative action”.

I hope the GOP now realizes that just saying “we’re diverse too!!” doesn’t cut it, their policies have to reflect it. We democrats did not elect Obama because he was a black man. He faced a long and difficult primary against a dozen top democrats, Hillary Clinton among them.

Like an old house with a neglected leaky roof, the GOP has many deep-rooted problems that will take a decade or more to recover from, but first they’ll have to recognize and begin removing the many layers of rot and mold.

steele-gangsta-209