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Week of January 25, 2009 - January 31, 2009

Michael Steele, cynical choice or honest GOP change?


Fair question? On the one hand when I examine conservative policies and how narrowly they have embraced minorities I would have to say yes.

Then I ask myself if the powers at the center of the GOP are different than what my perceptions would lead me to believe.

In the end when I consider what the GOP has given us, I simply can't see where they are any different than all the evidence indcates. This makes the choice they have made worse than what it may otherwise be. Where the nation made a true and honest choice of Obama to lead us, the GOP has made a cynical choice purely as a political strategy. Maybe I'm wrong with this but the possibility that I'm not is very disturbing. The GOP has lied to the nation with great consequence and I'm concerned this is more of the same.

I can't wait for Obama to...


Have his fill of congressional republicans. He righteously bagged Wall Street on the bonus issue and I expect there will come a time when he gets after republicans as well. Obama frames these things perfectly by stating the obvious and placing them in their proper context. For having been portrayed as an intellectual elite, Obama is showing signs of being very down to earth. I guess I was more than a little surprised with Obama's comments. I can't imagine that he will always have that perfect tenor in his delivery and content but if this is any indication of the surprises we can expect I am looking forward to the days, weeks and years ahead. As implausible as it may be he might even get government to do things that actually make sense. Now that would really be a surprise.

It's time to nationalize the banks


The WSJ is reporting additional bank bailouts could go as high as $2T. That is well in excess of the market cap of the top banks needing help.

http://online.wsj.com/article/SB123319689681827391.html 

This is way too much for what taxpayers would get in return. The deals already struck pay us half as much as what European governments are getting from the banks they have bailed out. The U.S. taxpayer has gotten a raw deal on this. Given the overall valuation of these banks the only rational move is to nationalize them. I don't see a way to actually get the financial system under control otherwise.

B of A and other biggies rail against EFCA


Check this out posted on the Huffington Post.

http://www.huffingtonpost.com/2009/01/27/bank-of-america-hosted-an_n_161248.html 

 

I called my congressman straightaway and the people in my congresmens office didn't even know this was up on the web.

Basically this is about big business trying to find a way to limit labor from organizing. Anyone who thinks we already had that right better think again. Big business would just as soon see to it we had no such right and they are going to spend shareholder money to try and make it a reality.

 

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thepeoplechoose

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