The tab for missing, improperly applied customer funds at MF Global has now risen to $1.2B, twice what was reported during the first week after the firm declared bankruptcy.
Yet, as Fox News' Charles Krauthammer observed, the liberal media continues to turn a blind eye to the potentially-criminal actions of former Goldman Sachs co-head, US Senator and New Jersey Governor Jon Corzine.
Even CFTC chairman Gary Gensler, who recused himself on the case, has stated publicly that it looks very likely that Corzine committed criminal acts.
Yet the liberal Democrat, former Senator and Governor, is largely ignored by the New York Times, CNN and MSNBC.
Had Corzine been a Republican, you can bet he'd have been roasted, pilloried and tried in the media constantly as a criminal 1%-er.
There's your media double standard. Only, because the liberals are silent on this one, it's harder to see it for what it is.
Friday, November 25, 2011
Wednesday, November 23, 2011
"No Off Ramps" for Congress, eh??!!
You have to laugh.
After spending the year impeding any sort of adult activity in Congress to cut spending, Wonderboy was rejoicing over the failure of the so-called SuperCommittee to deliver $1.5T+ spending cut deal.
The other day, he solemnly intoned, like some harsh school teacher, that he would veto any attempt by Congress to set aside the sequesters on spending in the wake of the failure of the special 12-member panel.
'There will be no off ramp' the First Rookie exclaimed.
Really? Sounds kind of like a dictator, doesn't he?
In reality, all Congress needs to do is decide, by veto-proof majorities, to simply repeal those provisions of the debt limit increase bill which created the SuperCommittee.
And, by the way, even if Congress doesn't, it's unclear that Wonderboy will even have the job would allow him to block any changes. It's quite likely that by January of 2013, the year in which the sequesters occur, Republicans will hold the House, the Oval Office, and perhaps the Senate. Or have enough clout to co-opt sufficient Democratic Senators to simply tear up the debt-ceiling increase bill and start over with a much tougher-minded GOP President at the helm.
Wonderboy's blowing smoke up everyone's ass on this one. He doesn't have a leg to stand on, and he knows it. He's just trying to energize every liberal, youth and minority he thinks will vote for him next year.
After spending the year impeding any sort of adult activity in Congress to cut spending, Wonderboy was rejoicing over the failure of the so-called SuperCommittee to deliver $1.5T+ spending cut deal.
The other day, he solemnly intoned, like some harsh school teacher, that he would veto any attempt by Congress to set aside the sequesters on spending in the wake of the failure of the special 12-member panel.
'There will be no off ramp' the First Rookie exclaimed.
Really? Sounds kind of like a dictator, doesn't he?
In reality, all Congress needs to do is decide, by veto-proof majorities, to simply repeal those provisions of the debt limit increase bill which created the SuperCommittee.
And, by the way, even if Congress doesn't, it's unclear that Wonderboy will even have the job would allow him to block any changes. It's quite likely that by January of 2013, the year in which the sequesters occur, Republicans will hold the House, the Oval Office, and perhaps the Senate. Or have enough clout to co-opt sufficient Democratic Senators to simply tear up the debt-ceiling increase bill and start over with a much tougher-minded GOP President at the helm.
Wonderboy's blowing smoke up everyone's ass on this one. He doesn't have a leg to stand on, and he knows it. He's just trying to energize every liberal, youth and minority he thinks will vote for him next year.
Tuesday, November 22, 2011
Rick Perry's Part-Time Congress Concept
I find Rick Perry's 'part-time Congress' idea to be a little too goofy to take seriously.
Texas isn't the United States, doesn't have a standing army, navy or air force, or embassies abroad. Back in the early 1800s, before the US was a world power, and communications were poor, a part-time legislature, both at the state and federal levels, was basically just reality.
But once America came into the 1900s, and the government, post-Civil War, had, for good or bad, Constitutionally or not, swollen in size and responsibility, it became unrealistic for Congress to only serve part of every year or term.
But one idea Perry has echoes my own- cut Congressional staffs. I don't know what details he proposed- probably none, knowing Perry.
If I'm not mistaken, I think it was even one of my 10 things I'd do to reform government.
But I believe I advocated only two aides per Representative or Senator. And no compensating budget to hire temps or consultants.
I want members of Congress themselves writing bills- not their hired, degree-heavy, detail-crazy, bribable staffs.
That's what I want...a lean Congress without staffs and coddlers, full of members who actually do all the work themselves.
Then, as the subheading of this blog suggests, we'll be a bit safer because those 435 elected members simply won't have the time and ability to write so much intrusive legislation that affects the rest of us and gives them such ongoing power.
Texas isn't the United States, doesn't have a standing army, navy or air force, or embassies abroad. Back in the early 1800s, before the US was a world power, and communications were poor, a part-time legislature, both at the state and federal levels, was basically just reality.
But once America came into the 1900s, and the government, post-Civil War, had, for good or bad, Constitutionally or not, swollen in size and responsibility, it became unrealistic for Congress to only serve part of every year or term.
But one idea Perry has echoes my own- cut Congressional staffs. I don't know what details he proposed- probably none, knowing Perry.
If I'm not mistaken, I think it was even one of my 10 things I'd do to reform government.
But I believe I advocated only two aides per Representative or Senator. And no compensating budget to hire temps or consultants.
I want members of Congress themselves writing bills- not their hired, degree-heavy, detail-crazy, bribable staffs.
That's what I want...a lean Congress without staffs and coddlers, full of members who actually do all the work themselves.
Then, as the subheading of this blog suggests, we'll be a bit safer because those 435 elected members simply won't have the time and ability to write so much intrusive legislation that affects the rest of us and gives them such ongoing power.
Monday, November 21, 2011
Predicting From An Aberration
The Lexington column in the November 12th issue of The Economist opined on a political analyst's theory that the 2008 US presidential election is a harbinger of an unstoppable Democratic-friendly demographic.
The crux of the piece is a contention by Ruy Teixiera that minorities including blacks and Latinos will comprise 54% of the American electorate by 2050 so, QED, they'll just elect Democrats as president til the cows come home.
Teixiera evidently provided many two-way analyses of the 2008 vote, cited in the Lexington column, to cement his conclusions. For good measure, a Pew Research Center report is cited supporting the prior contentions of Democratic sweeps of the newly-emerging majority of voters.
To provide a cautionary view, though, the piece cites Brookings Institute's Bill Galston, a former Clinton aide, believes that Obama's campaign team is making a serious mistake in relying on newly-Democratic states like Colorado, while running away from Ohio, Indiana and Michigan.
What I find almost laughable is that nowhere in the column does the editor's voice observe that the 2008 presidential election was singular for having an electable black candidate. And a voluble debater, at that. There's a half-hearted comment that 'Obamanania is over.'
But it's much, much worse than that.
Perhaps only an external-to-the-US editorial board or reporter could fail to understand how many whites voted for Wonderboy out of misplaced guilt over prior racial discrimination which occurred prior to their even being born. It's amazing that the popular vote spread was only about 6 percentage points.
Add to that one-off victory Obama's choice of failed New Deal-style liberal spending and business-bashing tactics and programs, and you have a sure-fire loss of votes in 2012.
The bottom line is that you'd have to be a complete idiot to base any long term voting pattern changes on the 2008 presidential election which featured the first viable black candidate from either party.
The crux of the piece is a contention by Ruy Teixiera that minorities including blacks and Latinos will comprise 54% of the American electorate by 2050 so, QED, they'll just elect Democrats as president til the cows come home.
Teixiera evidently provided many two-way analyses of the 2008 vote, cited in the Lexington column, to cement his conclusions. For good measure, a Pew Research Center report is cited supporting the prior contentions of Democratic sweeps of the newly-emerging majority of voters.
To provide a cautionary view, though, the piece cites Brookings Institute's Bill Galston, a former Clinton aide, believes that Obama's campaign team is making a serious mistake in relying on newly-Democratic states like Colorado, while running away from Ohio, Indiana and Michigan.
What I find almost laughable is that nowhere in the column does the editor's voice observe that the 2008 presidential election was singular for having an electable black candidate. And a voluble debater, at that. There's a half-hearted comment that 'Obamanania is over.'
But it's much, much worse than that.
Perhaps only an external-to-the-US editorial board or reporter could fail to understand how many whites voted for Wonderboy out of misplaced guilt over prior racial discrimination which occurred prior to their even being born. It's amazing that the popular vote spread was only about 6 percentage points.
Add to that one-off victory Obama's choice of failed New Deal-style liberal spending and business-bashing tactics and programs, and you have a sure-fire loss of votes in 2012.
The bottom line is that you'd have to be a complete idiot to base any long term voting pattern changes on the 2008 presidential election which featured the first viable black candidate from either party.
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