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Levy Rivers

In Fine Print, a Proliferation of Large Donors - 0 views

  • The joint fund-raising committees have been utilized far more heavily this presidential election than in the past. Mr. Obama’s campaign has leaned on wealthy benefactors to contribute up to $33,100 at a time to complement his army of small donors over the Internet as he bypassed public financing for the general election. More than 600 donors contributed $25,000 or more to him in September alone, roughly three times the number who did the same for Senator John McCain.
  • Compared with Mr. Obama, Mr. McCain drew a slightly larger percentage of his big-donor money from the financial industry, about a fifth of his total. The next biggest amount in large checks for Mr. McCain came from real estate and then donors who identified themselves as retired. With his emphasis on offshore drilling, Mr. McCain has also enjoyed heavy support from generous benefactors in the oil and gas industry, a group Mr. Obama drew relatively little from.
  • Donations to these joint fund-raising committees have surged this election cycle, taking in nearly $300 million this year through September — with Mr. McCain collecting slightly more than Mr. Obama — compared with $69 million in 2004. Campaign finance watchdogs call it a worrisome trend, saying the heavy emphasis on such arrangements brings candidates one step further into the embrace of major donors.
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  • McCain finance officials introduced their main joint fund-raising committee, McCain Victory 2008, in the spring. Mr. McCain was still able to accept primary money, so money was divided between his primary campaign coffers, the Republican National Committee, several state parties and his compliance fund, for a maximum check of $70,100.
thinkahol *

I Remember America | Truthout - 0 views

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    Ac­cord­ing to the Wall Street Journ­al: In a speech Wed­nesday, Mr. Obama will pro­pose cuts to en­tit­le­ment pro­grams, in­clud­ing Medicare and Medicaid, and chan­ges to Soci­al Secur­ity, a dis­cuss­ion he has lar­ge­ly left to De­moc­rats and Re­pub­licans in Con­gress. He also will call for tax in­creases for peo­ple mak­ing over $250,000 a year, a pro­pos­al con­tained in his 2012 bud­get, and chang­ing parts of the tax code he thinks be­nefit the wealthy. Until now, Mr. Obama has been lar­ge­ly ab­sent from the rag­ing de­bate over the long-term de­ficit. The White House has done lit­tle with the re­com­menda­tions of its own bi­par­tisan de­ficit com­miss­ion. And Mr. Obama's 2012 bud­get didn't offer many new ideas for tackl­ing en­tit­le­ment spend­ing, among the bi­ggest long-term drains on the feder­al bud­get. The White House move caught De­moc­rats in Con­gress off guard, ac­cord­ing to aides, and de­tails of the pre­sident's pro­pos­als were sketchy. Mr. Plouf­fe said the pre­sident will name a dol­lar amount for de­ficit re­duc­tion, al­though the White House would­n't pro­vide specifics. In­troduc­ing taxes into the dis­cuss­ion has the poten­ti­al to com­plicate the re­solu­tion of com­ing bud­get fights, specifical­ly the need to raise the debt ceil­ing, a move needed to pre­vent the U.S. de­fault­ing on its debt.
Levy Rivers

Black Power Brokers Ready to Rise In Tandem With New President - WSJ.com - 0 views

  • Seated in his office recently, Mr. Johnson casually pulled out a list that's been circulating over the Internet of rumored Obama cabinet picks. Next to his name was the title secretary of labor. "I was flattered," said Mr. Johnson, before dismissing the speculative document with a laugh. "I am part of the Obama team and I'd want that to continue -- if asked."
  • Being known as a top fund-raiser or adviser to Mr. Obama has given African-Americans "the opportunity to build wonderful relationships," says John Rogers, the 50-year-old founder of Chicago-based Ariel Capital Management who has known the president-elect for years.
  • Of those hoping for access and government stints, some may be disappointed. Loyalties aside, Mr. Obama, according to people familiar with his thinking, may be constrained in the number of blacks he appoints to avoid any charges of favoring African-Americans.
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  • "There is no one who represents the black inner city, who is rooted in the black community," says the Rev. Eugene Rivers, an influential black Boston minister. "It's the whole black Brahmin thing: Vote for us because we're better than you."
  • But now, the spotlight has shifted to a new cadre of African-Americans in their 40s and 50s. Their growing visibility is already changing the tone of Washington and creating new power matrixes. For example, Eric Holder -- who helped conduct Mr. Obama's search for a vice president and is considered by people close to the campaign as a candidate for attorney general
  • When Mr. Obama first ran for office in Chicago, campaign workers recall, he took out his copy of the Harvard Law School alumni directory and began dialing to solicit donations. In this campaign cycle, Mr. Obama has raised more than $500,000 from Harvard faculty and staff -- not including alumni -- making the school the third-largest contributor among employers.
  • Some blacks believe that a larger ripple effect is under way -- that Mr. Obama's ascendancy is affecting, for instance, things like the number of black commentators appearing on cable-TV news shows. Says Ms. Butts: "You will see changes in Washington, D.C., where people are making decisions about who is running a news bureau, who is heading up a lobbying shop," bringing in more blacks to top positions.
Levy Rivers

Obama and McCain Clash Over Economy - NYTimes.com - 0 views

  • “Senator McCain suggests that somehow, you know, I’m green behind the ears and, you know, I’m just spouting off, and he’s somber and responsible,” he said. “Senator McCain, this is the guy who sang, ‘Bomb, bomb, bomb Iran,’ who called for the annihilation of North Korea. That I don’t think is an example of ‘speaking softly.’ 
  • Throughout the evening, when Mr. McCain spoke, Mr. Obama stood at the side of the stage, or seated on a chair, arms folded, gazing at his rival. When Mr. Obama spoke, Mr. McCain took notes, often looked the other way, or scribbled on a pad.
  • Even Mr. McCain’s use of humor — a central part of his appeal in his own town hall meetings — did not seem that effective. At one point he joked about how health care plans probably should not pay for hair transplants, a remark that did not seem to draw more than a titter.
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  • Mr. Obama nodded disapprovingly. “Now, I’ve got to correct a little bit of Senator McCain’s history, not surprisingly,” he said “Let’s, first of all, understand that the biggest problem in this whole process was the deregulation of the financial system.
Levy Rivers

Obama and McCain Clash Over Economy - NYTimes.com - 0 views

  • But in a moment that caught the attention of people in both parties, he appeared agitated in criticizing Mr. Obama for a Senate vote he cast, referring to his opponent only as “that one.”
  • Mr. McCain sought to break through by highlighting a proposal under which the Treasury Department would buy up mortgages that had gone bad, and in effect refinance them at prices homeowners could afford
  • There were no obvious dramatic breakthrough moments by Mr. McCain; indeed, although the two men pummeled back and forth, it was Mr. Obama who more consistently drew sharp contrasts between the voting records and campaign promises of the two.
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  • He cast his arm at Mr. Obama. “That one,” he said. “You know who voted against it? Me.”
  • “Senator McCain and I actually agree on something,” Mr. Obama said. “He said a while back that the big problem with energy is that for the last 30 years politicians in Washington haven’t done anything. What McCain doesn’t mention is he’s been there 26 of them and during that time he voted 23 times against alternative fuels.”
thinkahol *

FDL Book Salon Welcomes Bruce Fein, American Empire Before the Fall | Book Salon - 0 views

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    There's no doubting the conservative bona fides of Bruce Fein. A high-level Justice Department lawyer in the Reagan administration in the 1980s and previously a resident scholar with the Heritage Foundation, he is a long-time advocate for uncompromising right-wing political principles. Yet paradoxically, Fein has been, and remains, one of the most eloquent and incisive political voices over the last decade. He was one of the earliest and most emphatic critics of Bush and Cheney's radical abuses of executive power. Two weeks after The New York Times revealed in December, 2005, that Bush had ordered the NSA to illegally eavesdrop on Americans without the warrants required by law, Fein used his column in the right-wing Washington Times to warn that "Mr. Bush has adamantly refused to acknowledge any constitutional limitations on his power to wage war indefinitely"; to scorn as "war powers nonsense" the theories assembled "to defend Mr.
Levy Rivers

Obama the Delegator Picks When to Take Reins - NYTimes.com - 0 views

  • He does not stir dissent simply for dissent’s sake, but often employs a Socratic method of discussion, where aides put ideas forward for him to accept or reject. Advisers described his meetings as “un-Clintonesque,” a reference to the often meandering, if engrossing, policy discussions Bill Clinton presided over when he was president.
  • But Mr. Obama’s ease belies a more controlling management style. For all the success his campaign has enjoyed with grass-roots organizing, the operation is highly centralized around Mr. Axelrod; David Plouffe, the campaign manager; Robert Gibbs, the communications director; Pete Rouse, his Senate chief of staff; Valerie Jarrett, a longtime friend from Chicago; and a handful of senior advisers that has barely changed since he opened his campaign in January 2007.
  • Mr. Obama’s circle of advisers takes seriously his “no drama” mandate. It is a point of pride in his campaign that there have been virtually no serious leaks to the news media — small leaks are immediately investigated — about internal division or infighting. He is a careful reader of daily newspapers and magazines (titles from Foreign Affairs to Maxim are stocked on his campaign plane). He takes his briefing books — three-ring binders filled with political memorandums and policy discussions — to his hotel room or home every night, but aides say how well he reads the materials may depend on what is on ESPN.
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  • “He’ll say, ‘that is not my voice,’ ” said Jim Margolis, a senior media consultant to Mr. Obama who oversees television advertising. “Definitely this isn’t somebody you just throw the script to and he’ll say anything that comes up on the screen. He tries to make sure that he’s got his imprint on it.”
Skeptical Debunker

Op-Ed Columnist - Senator Bunning's Universe - NYTimes.com - 0 views

  • During the debate over unemployment benefits, Senator Jeff Merkley, a Democrat of Oregon, made a plea for action on behalf of those in need. In response, Mr. Bunning blurted out an expletive. That was undignified — but not that different, in substance, from the position of leading Republicans.Consider, in particular, the position that Mr. Kyl has taken on a proposed bill that would extend unemployment benefits and health insurance subsidies for the jobless for the rest of the year. Republicans will block that bill, said Mr. Kyl, unless they get a “path forward fairly soon” on the estate tax. Now, the House has already passed a bill that, by exempting the assets of couples up to $7 million, would leave 99.75 percent of estates tax-free. But that doesn’t seem to be enough for Mr. Kyl; he’s willing to hold up desperately needed aid to the unemployed on behalf of the remaining 0.25 percent. That’s a very clear statement of priorities.So, as I said, the parties now live in different universes, both intellectually and morally. We can ask how that happened; there, too, the parties live in different worlds. Republicans would say that it’s because Democrats have moved sharply left: a Republican National Committee fund-raising plan acquired by Politico suggests motivating donors by promising to “save the country from trending toward socialism.” I’d say that it’s because Republicans have moved hard to the right, furiously rejecting ideas they used to support. Indeed, the Obama health care plan strongly resembles past G.O.P. plans. But again, I don’t live in their universe. More important, however, what are the implications of this total divergence in views?The answer, of course, is that bipartisanship is now a foolish dream. How can the parties agree on policy when they have utterly different visions of how the economy works, when one party feels for the unemployed, while the other weeps over affluent victims of the “death tax”?Which brings us to the central political issue right now: health care reform. If Congress enacts reform in the next few weeks — and the odds are growing that it will — it will do so without any Republican votes. Some people will decry this, insisting that President Obama should have tried harder to gain bipartisan support. But that isn’t going to happen, on health care or anything else, for years to come.Someday, somehow, we as a nation will once again find ourselves living on the same planet. But for now, we aren’t. And that’s just the way it is.
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    So the Bunning blockade is over. For days, Senator Jim Bunning of Kentucky exploited Senate rules to block a one-month extension of unemployment benefits. In the end, he gave in, although not soon enough to prevent an interruption of payments to around 100,000 workers.But while the blockade is over, its lessons remain. Some of those lessons involve the spectacular dysfunctionality of the Senate. What I want to focus on right now, however, is the incredible gap that has opened up between the parties. Today, Democrats and Republicans live in different universes, both intellectually and morally.
Skeptical Debunker

BBC News - Irish arrests over 'plot to kill Swedish cartoonist' - 0 views

  • The Vilks controversy arose in 2007, when his entry in an arts project was published by the newspaper. It pictured a dog with the head of a bearded man in a turban. Several Muslim countries protested against the picture. At the time, Swedish officials expressed regret at any hurt caused to Muslims' feelings, but said the government could not prevent the publication of such drawings because of media freedom rules. The case came about a year and a half after a series of depictions of Muhammad in Denmark's Jyllands-Posten paper caused an uproar in early 2006. Those cartoons sparked protests from Muslims around the world. Dozens of people were killed in riots. Muslims regard any image of the Prophet Muhammad as blasphemy. In January, one of the cartoonists whose drawing appeared in Jyllands-Posten, the Dane Kurt Westergaard, was targeted in his own home, allegedly by a Somali radical Muslim with an axe. Mr Westergaard, who escaped unharmed, had depicted the Prophet Muhammad with a bomb in his turban. Mr Vilks told The Associated Press news agency that the telephone threats in January had come from "a Swedish-speaking Somali. He reminded me about what had happened to Westergaard and threatened with a follow-up and that 'now it's your turn'."
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    Seven people have been arrested in the Irish Republic over an alleged plot to kill a Swedish cartoonist for depicting the Prophet Muhammad, police say. The four men and three women are all Muslim immigrants, according to media reports, though a police statement did not confirm this. Cartoonist Lars Vilks had depicted the Prophet Muhammad with the body of a dog in the Nerikes Allehanda newspaper. Islamic militants put a $100,000 (£67,000) bounty on his head. Mr Vilks was quoted as saying he was unfazed by the arrests, which he said he thought could be linked to two death threats he had received by telephone in January.
Skeptical Debunker

Gary Gensler's Conversion to Financial Reformer - NYTimes.com - 0 views

  • Today, he is emerging as one of the nation’s archreformers, pushing to impose some of the most stringent new financial regulations in history. And as the head of the Commodity Futures Trading Commission, the leading contender to oversee the complex derivatives contracts that played a central role in the financial crisis and, in turn, the Great Recession, he is in a position to influence the outcome. It may seem an unlikely conversion, but it is one that has won the approval of Brooksley E. Born, of all people, a former outspoken head of the commission. She sounded alarms more than a decade ago about the dangers hiding in the poorly understood derivatives market and was silenced by the same Washington power brokers that counted Mr. Gensler as a member. Mr. Gensler opposed Ms. Born, according to people who worked at the commission in the 1990s, and in 2000 played a significant role in shepherding through Congress deregulation measures that led to explosive growth of the over-the-counter derivatives market. That was then. These days, Ms. Born is convinced of Mr. Gensler’s reformist zeal, as he takes on Wall Street in what is becoming one of the fiercest battles over regulation in the postcrisis era. “I think he is doing very well,” she said in an interview. “He certainly seems to be committed to robust oversight of derivatives and limiting excessive speculation and leverage.” The proposals championed by Mr. Gensler, if adopted by Congress, would substantially alter what is now a largely unregulated market in over-the-counter derivatives, financial instruments used by companies and investors to protect themselves and bet on moves in variables, like interest rates or currencies, and to speculate. The proposals include forcing the big banks that sell derivatives to conduct their trades in the open on public exchanges and clear them through central clearinghouses, so that any investor can see the prices that dealers charge their customers. Today, those transactions are bilateral and private.
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    For 18 years, Gary G. Gensler worked on Wall Street, striking merger deals at the venerable Goldman Sachs. Then in the late 1990s, he moved to the Treasury Department, joining a Washington establishment that celebrated the power of markets and fought off regulation at almost every turn.
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    Maybe he has "SEEN THE LIGHT" (had an almost "religious" conversion to the benefits of regulation). Then again, maybe his old employer (Goldman Sachs) - having become the "biggest and baddest" in the regulation-less free-for-all (including getting bailout funds through AIG for credit-default-swap "insurance" on derivatives) - wants to "cement" their position with regulation preventing any other party from doing what they did (and he is willing to help them in that regard)!?
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    Maybe he has "SEEN THE LIGHT" (had an almost "religious" conversion to the benefits of regulation). Then again, maybe his old employer (Goldman Sachs) - having become the "biggest and baddest" in the regulation-less free-for-all (including getting bailout funds through AIG for credit-default-swap "insurance" on derivatives) - wants to "cement" their position with regulation preventing any other party from doing what they did (and he is willing to help them in that regard)!?
thinkahol *

On the Subject of Quitting - 0 views

  • There is a lot of talk about Mr. Obama's character, or lack thereof, these days. He's not a fighter, he's too conciliatory, he's weak, he's unprepared, he's a secret Republican, etc. I have an outside-the-box theory about Obama that may explain all this: Stockholm Syndrome.
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    There is a lot of talk about Mr. Obama's character, or lack thereof, these days. He's not a fighter, he's too conciliatory, he's weak, he's unprepared, he's a secret Republican, etc. I have an outside-the-box theory about Obama that may explain all this: Stockholm Syndrome.
Levy Rivers

Op-Ed Columnist - Running While Black - Op-Ed - NYTimes.com - 0 views

  • Spare me any more drivel about the high-mindedness of John McCain. You knew something was up back in March when, in his first ad of the general campaign, Mr. McCain had himself touted as “the American president Americans have been waiting for.”
  • Evidence? John McCain needs no evidence. His campaign is about trashing the opposition, Karl Rove-style. Not satisfied with calling his opponent’s patriotism into question, Mr. McCain added what amounted to a charge of treason, insisting that Senator Obama would actually prefer that the United States lose a war if that would mean that he — Senator Obama — would not have to lose an election.
  • Mr. Obama has to endure these grotesque insults with a smile and heroic levels of equanimity. The reason he has to do this — the sole reason — is that he is black.
Levy Rivers

Racial Gerrymandering Is Unnecessary - WSJ.com - 0 views

  • Not so. Mr. Obama's 43% share of the white vote in the general election was actually a tad larger than that of John Kerry in 2004 (41%) or Al Gore in 2000 (42%).
  • Consider Iowa, with only a miniscule African-American population. The 5% of voters who said race was the most important factor in their choice of whom to vote for backed Mr. Obama 54% to 45%. Or consider Minnesota and Wisconsin, also overwhelmingly white, where Mr. Obama's lead was 18% and 21% respectively among the 5% to 7% of voters who made race their highest priority.
  • The aggressive federal interference in state and local districting decisions enshrined in the Voting Rights Act should therefore be reconsidered. That statute, adopted in 1965 and strengthened by Congress in the summer of 2006, demands race-driven districting maps to protect black candidates from white competition. That translates into an effort to create black representation proportional to the black population in the jurisdiction
Asif Sheeraz

Watch Missing Journalist Kashif Abbasi ARY & Mr Khappey...Khrian Khrian by Rashid Murad - 0 views

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    Asif Zardari known as Mr Khapey says that Kashif Abbasi not Khapey....Off the Record Host is not allowed to present his popular show....
Joe La Fleur

Ron Radosh » The Evidence in the Trayvon Martin Case is Released, and George ... - 0 views

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    WHERE IS THE APPOLOGY MR. SHARPTON?
thinkahol *

David Foster Wallace on Political thinking in America - YouTube - 0 views

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    Edited version of the ZDFmediatek interview with David Foster Wallace. This version offers David Foster Wallace's ideas, without repetitions, long pauses, interviewer's comments. Although some cuts may appear rough, there is no attempt at editorial bias or content manipulation. Mr. Wallace's archives (books in his library, notes, and writings) have been recently acquired by the Harry Ransom Center at the University of Texas Austin.
thinkahol *

Balloon Juice » Blog Archive » The Spin Is In - 0 views

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    Just watched Barney Frank's embarrassing performance on Hardball tonight (scroll to 9:15 unless you can handle 9 minutes of Mrs. Alan Greenspan), and it is quite clear the spin is in for the flotilla mess, and it is all hands on deck to cover Israel's ass. ...
thinkahol *

Today's Must-See Animated Capitalist Takedown from RSA and David Harvey | The New York ... - 0 views

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    If you watch just one funny and handsome Marxist critique of the financial crisis, make it the Royal Society for the Encouragement of Arts, Manufactures and Commerce's animated version of David Harvey's RSA speech "Crises of Capitalism." It's been making the rounds this afternoon, and for good reason: Mr. Harvey, a Marxist scholar who heads CUNY's Center for Place, Culture & Politics, describes not just the failures that caused the ongoing fiasco, but the failure of how we've explained it.
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