Sunday Morning Reading

Check out these two pieces from Steve Benen, on Wall Street reform shenanigans by the right, and the Teabaggers. Enjoy!

Happy Valentine's Day!

The Party of Wall Steet

The next time you hear a Rethug say they're for Main Street, not Wall Street, recall this bit of populism (courtesy of the Wall Street Journal - so you know it's unalloyed Rethug "thinking"). Dems should have the ads out on this within 24 hours if they have a clue. With the "Dunce" Luntz memo on derailing financial institution reform, and now this, it would be sweet to see ads asking, "Who's trying to keep the Wall Street fat cats happy? Who's trying to keep their big bonuses coming? Who wants to have things just as they were before the financial crisis last year? Turns out the Party of No can't say 'no' to Wall Street."

So, the only question that should remain is do we call them the Party of No, the Party of Wall Street, or the Party of Stupid?

The Great Bank Robbery of '10: Obama's Weekly Address

Here's the President's weekly address, this week taking on the bankers and Wall Street. We're reminded of the Woody Guthrie line, "Some rob you with a six-gun and some with a fountain pen."

"Trust Us"

". . .after all, aren't we the most competent team you've ever seen?"

(photo: study in body language - - the guilty protect their gonads with hands and podium)

The Unraveling of the Right Wing Economic Myth

As an "amen" to our previous post on the Wall Street meltdown, Time's Joe Klein has a great piece on the Rethugs' and McMaverick's role in the deregulation of the financial institutions that are collapsing, along with taxpayer investments. The whole "hands off" policies of the conservative Rethug orthodoxy - - one which McMaverick embraces - - toward financial markets are resulting in the current crisis in the financial and housing markets. In fact McMaverick said again today, "the fundamentals of the economy are strong." What planet is 7-house McSame on?

The Rethugs "sold" deregulation over the past 20 years as a benefit to small businesses, when in fact their intended beneficiaries were the major corporations who felt they were chafing under strong environmental and worker safety regulations. The chickens have truly come home to roost, but will the American public know who the perpetrators were?

UPDATE: Dow was down 500 points, biggest single loss since 9/11. Go Rethugs!