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The NY State constitution and Licensing commission failed to also monitor the activities of Goldman Sachs, Bloomberg defends Goldman, more news on the Hill....

Critics of President Obama never tire of blaming him for today's high deficits. But if blame belongs with one president, it belongs with Obama's predecessor, George W. Bush. The chart above, which the New York Times created based upon figures from the Center on Budget and Policy Priorities, illustrates this point very clearly. But it's worth reviewing the history here, because while it's familiar to most of us who follow politics it doesn't seem to get a lot of attention in the political debate.

On July 25th, for instance, while John Boehner raced around the Capitol desperately pressing Republican House members for votes on a debt-ceiling bill that Harry Reid was calling dead-on-arrival in the Senate, America's new ambassador to Afghanistan, Ryan Crocker, took his oath of office in distant Kabul.  According to the New York Times, he then gave a short speech "warning" that "Western powers needed to 'proceed carefully'" and emphasized that when it came to the war, there would "be no rush for the exits." If, in Washington, people were rushing for those exits, no chance of that in Kabul almost a decade into America's second Afghan War.  There, the air strikes, night raids, assassinations, roadside bombs, and soldier and civilian deaths, we are assured, will continue to 2014 and beyond.  In a war in which every gallon of gas used by a fuel-guzzling US military costs $400 to $800 to import, time is no object and -- despite the panic in Washington over debt payments -- neither evidently is cost.

The debate over raising the debt ceiling, which brought the nation to the brink of default, has sent disapproval of Congress to its highest level on record and left most Americans saying that creating jobs should now take priority over cutting spending, according to the latest New York Times/CBS News Poll.

It is a very strange world when comedy and satire have become a respected medium for debate.

As AlterNet's Addie Stan reported, the phone hacking case has had broad implications, "threatening the administration of British Prime Minister David Cameron and "boomeranging back to New York, engulfing the top executive at the largest-circulation newspaper in the United States, the Wall Street Journal."

Inspired by protests from Tunis to New York, activists and people's assemblies have collaborated on a vision for a new global governance

In response to the Harvard study documenting how newspapers labeled waterboarding as "torture" for almost 100 years until the Bush administration told them not to, The New York Times issued a statement justifying this behavior on the ground that it did not want to take sides in the debate. Andrew Sullivan, Greg Sargent and Adam Serwer all pointed out that "taking a side" is precisely what the NYT did: by dutifully complying with the Bush script and ceasing to use the term (replacing it with cleansing euphemisms), it endorsed the demonstrably false proposition that waterboarding was something other than torture. Yesterday, the NYT's own Brian Stelter examined this controversy and included a justifying quote from the paper's Executive Editor, Bill Keller, that is one of the more demented and reprehensible statements I've seen from a high-level media executive in some time (h/t Jay Rosen):

New York mayor chokes up defending "ground zero" Muslim center by citing religious freedom, private property rights

The claims that Terrorist trials in New York would endanger Americans has been exposed as a sham

The New York Times this morning has a particularly lush installment of one of the American media's most favored, reliable, and self-affirming rituals -- it's time to mock and pity Those Crazy, Primitive, Irrational, Propagandized Muslims and their Wild Conspiracy Theories, which their reckless media and extremists maliciously disseminate in order to generate unfair and unfounded hostility toward the U.S.:

Of all the topics on which I've focused, I've likely written most about America's two-tiered justice system -- the way in which political and financial elites now enjoy virtually full-scale legal immunity for even the most egregious lawbreaking, while ordinary Americans, especially the poor and racial and ethnic minorities, are subjected to exactly the opposite treatment: the world's largest prison state and most merciless justice system. That full-scale destruction of the rule of law is also the topic of my forthcoming book. But The New York Times this morning has a long article so perfectly illustrating what I mean by "two-tiered justice system" -- and the way in which it obliterates the core covenant of the American Founding: equality before the law -- that it's impossible for me not to highlight it.

[Barring unforeseen events, I'm going to leave this post at the top of the page for today and tomorrow, as I think the events it examines, rather in detail and at length, are vitally important and merit much more attention than they've received] The Obama DOJ's effort to force New York Times investigative journalist Jim Risen to testify in a whistleblower prosecution and reveal his source is really remarkable and revealing in several ways; it should be receiving much more attention than it is.  On its own, the whistleblower prosecution and accompanying targeting of Risen are pernicious, but more importantly, it underscores the menacing attempt by the Obama administration -- as Risen yesterday pointed out -- to threaten and intimidate whistleblowers, journalists and activists who meaningfully challenge what the government does in secret. The subpoena to Risen was originally issued but then abandoned by the Bush administration, and then revitalized by Obama lawyers.  It is part of the prosecution of Jeffrey Sterling, a former CIA agent whom the DOJ accuses of leaking to Risen the story of a severely botched agency plot -- from 11 years ago -- to infiltrate Iran's nuclear program, a story Risen wrote about six years after the fact in his 2006 best-selling book, State of War.  The DOJ wants to force Risen to testify under oath about whether Sterling was his source.

Obama administration officials are offering to cut tens of billions of dollars from Medicare and Medicaid in negotiations to reduce the federal budget deficit, but the depth of the cuts depends on whether Republicans are willing to accept any increases in tax revenues.' Robert Pear, The New York Tim

And the very classlessness of our society makes the conflict more volatile, not less.

David Cay Johnston is a Pulitzer Prize-winning journalist and author. A 13-year veteran of The New York Times, David won the Pulitzer in 2001 for enterprise reporting that uncovered loopholes and inequities in the U.S. tax code. He has written several best-selling books, including Free Lunch: How the Wealthiest Americans Enrich Themselves at Government Expense (and Stick You With the Bill). His latest, The Fine Print: How Big Companies Abuse "Plain English" and Other Tricks to Rob You Blind, will be published in September.

"How my G.O.P. destroyed the U.S. economy. Yes, that is exactly what David Stockman, President Ronald Reagan's director of the Office of Management and Budget, wrote in a recent New York Times op-ed piece, 'Four Deformations of the Apocalypse.'

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.