WTF? Sen. Joe Manchin (D-WV) Not Sure If He’ll Vote for Obama or Romney

Joe Manchin with Barack Obama

From The Boston Globe:

In a statement Friday, the West Virginia lawmaker said he had “some real differences” with both leaders, finding fault with Obama’s energy and economic policies while questioning whether Romney could understand the challenges facing ordinary people.

“I strongly believe that every American should always be rooting for our president to do well, no matter which political party that he or she might belong to,” Manchin said. “With that being said, many West Virginians believe the last 3 1/2 years haven’t been good for us, but we’re hopeful that they can get better.”

The Globe writer has the nerve to call Manchin “moderate.”

Manchin, one of the more moderate Senate Democrats, has broken with his party on several issues as he seeks re-election this year. His state has backed the Republican candidate in the last three presidential elections, and Obama did not fare well in 2008. Obama lost to GOP nominee Sen. John McCain, 56-43 percent, and was overwhelmed by Hillary Rodham Clinton in the Democratic primary, losing 67-26 percent.

Last time I checked Hillary Clinton was a Democrat and a more liberal one than Obama, so I guess West Virginians are capable of voting Democratic.

Manchin told the National Journal (NJ) that he will vote for the person his constituents want, (which right now looks like it will be Romney says the NJ), but he has concerns about Romney’s support for the Ryan budget because the folks in WV might not like losing their Social Security, Medicare, and Medicaid. But he doesn’t like Obama’s energy policies. Whatever happened to politicians showing leadership?

Manchin’s position echoes the stance he took during his 2010 special election campaign to serve out the term of the late Sen. Robert Byrd. He declined ahead of that election to endorse a second term for Obama or to say if he would vote for Sen. Harry Reid, D-Nev., to remain majority leader.

If Manchin in fact votes based on which candidate most of his constituents embrace, he will likely cast his ballot for Romney. Obama lost West Virginia by 13 points in 2008 and remains unpopular there. While Romney’s wealth, Mormonism, and views on entitlement reform may not be a perfect fit in a state that remains relatively poor, Protestant, and dependent on federal spending, Obama probably will not take the state….

The share of voters who split their ballots between a presidential candidate and a Senate candidate has steadily declined since 1960. It is now common for more than 80 percent of voters who approve of a president’s performance to back the Senate nominee from the same party, a National Journal analysis of competitive races since 2004 found. Similarly, more than 80 percent of voters who disapprove of a president’s performance tend to support the Senate candidate from the other party, according to the analysis. That is Manchin’s challenge.

I’m guessing the Obama campaign’s reaction to Manchin’s up front announcement that he’ll likely vote for Romney is going to be a bit of a challenge too. Has Manchin ever heard of “The Chicago Way?” I don’t recall even Ben Nelson ever going so far as to publicly announce he would vote for the Republican presidential candidate.


Digging Deeper

Though I’ve been on a hiatus of late, I’ve tried to keep up with basic headline reading, dipping my toes into stories of interest [and/or those producing sheer outrage].  The latter pushed my crazy button when I read this headline last week at New Deal 2.0:

Eric Schneiderman Urges Progressives to “Dig Deeper” to Transform the System

Eric Schneiderman, NY State Attorney General, who vowed to take on Wall St., bring the wrong doers to justice and rectify the massive fraud perpetrated on American homeowners forced into foreclosure.  That Eric Schneiderman, the man I willingly and enthusiastically cheered.  I went so far as to send a note of appreciation.

That was then, this is now.

Because Eric Schneiderman threw his lot with President Obama’s weak-kneed, planned-to-fail foreclosure/securitization fraud task force that has effectively done zip, nada, even after the President’s stirring words during his State of the Union Address.  And then, there was Schneiderman’s claim that he would have a posse of investigators [that would be a total of 55 dedicated, blood hound investigators for a fraud estimated to be 80 times larger than the S&L debacle—which had 1000 investigators] to track down and document laws broken, crimes committed and bring the guilty parties to heel.

Camelot  Revisited! Now back to grim reality.

The wildly touted foreclosure fraud settlement was simply another Get-Out-of-Jail Pass (aka amnesty] for criminal enterprises that took American homeowners for a ride—a slippery slide right out of their homes.  For the inconvenience, the shocking upheaval and worry, 750,000 homeowners (of the 4 million homes seized since 2007] will reportedly receive $2000. What a deal! For the scammers, they received a blanket no-accountability kiss from the Obama Administration, by collectively paying $5 billion to states and the Federal government and allocating $20 billion more to ease the distress [loan modification] for a fraction of the 11 million homeowners now ‘underwater.’  Oh, and the pledge [step on a crack and you’ll break your mother’s back] to sin no more.

Problem solved!

Hummm.  Not really.  Because although the settlement was puny in terms of homeowner relief, it was at least . . . something.  Until we read in late February and early March that a number of states were diverting the settlement funds to plug shaky budgets.

I think it’s reasonable to say that damaged American homeowners have been left holding the bag–the dirty, empty bag.  Again.

But getting back to Eric Schneiderman, the man I had a temporary crush on, the Hero on a Quest Gone Terribly Wrong, had the gall to stand before a group, an initiative ironically entitled Rediscovering Government and give the keynote address, where he reportedly said [in the New Deal 2.0 piece cited above]:

Progressives’ efforts at making significant changes to the system after the financial crisis have mostly borne little fruit, he noted. We therefore “need to dig deeper” see how deeply the unfettered propaganda that less regulation leads to growth and higher taxes always create jobs has affected the American mindset and economy. We also have to aim for long-term, “transformational” change instead of the everyday “transactional” change we usually get bogged down in. We have to move past the election cycles and everyday battles to politics that involve working today to improve circumstances in the future and challenging the way that people think about issues in the first place.

What horse-hockey!

Long-term ‘transformational change,’ instead of that irritating ‘transactional’ change.  Are we to wish upon a star that the crime syndicate dies off, bankster-by-bankster [and all their ass-kissing dwarves]?  Let’s not get into those niggling details of fraud, disgusting greed and all manner of malfeasance, we’ll aim for future transformation?  What the hell does that mean?  Maybe a little corrective surgery down the road, where we implant a human conscience, a sense of honor and integrity into the Wall St. CEOs and their tracker jacker drones?  Otherwise, we might as well change the national motto to:

In Fraud We Trust.

And excuse me, Mr. Schneiderman!  You are the state AG of the Great State of New York.  You were standing square on the power plate and from everything I’ve read you had a fine hand of cards.  But then . . . you folded like a beach chair.

It does no good blaming the Republicans [though they certainly deserve much blame and condemnation] when you’re unwilling to take on the monster, to make good on your own words and vows, only to then turn around and use the editorial ‘we’ in describing what needs to be done in the future.  The future will be forever tainted by the past until we purge the rot and corruption out.  Plastering over an infection never works.  Corruption always bleeds through.  Sadly, I’m sure Mr. Schneiderman [to his ever-lasting shame] knows this.  And how exactly are the damaged parties, progressive or otherwise, suppose to dig for anything?  No job, no home, no healthcare, no future.  Not even a shovel.

Yesterday I stumbled across this:

Corporate America is shifting its focus in product development and marketing to serve the “hourglass economy.” The hourglass has two chambers connected by a slim channel. Translated into economic terms, or better yet, the emerging picture of America, the two chambers represent rich and poor, with virtually nothing in the middle.

Worse, while the traditional hourglass has two equal chambers, the economic hourglass does not. One chamber contains a small percent of the population and most of the wealth and the other is filled with the bulk of Americans, who have little access to resources and diminished hope for prosperity The hourglass economy has become so entrenched that Bloomberg News credits it with dividing Americans and defining U.S. politics.

Perfect!  Better yet:

Citigroup was quick to notice the hourglass trend that was taking root in 2009. To help investors cash in on the demise of the middle class Citigroup recently issued an hourglass investment advisory that highlights twenty stocks of companies targeting low end consumers and fifteen companies targeting the high end ones. Showing that the hourglass economy is real and gaining momentum, Citigroup’s hourglass index posted a whopping 56.5% return between Dec. 10, 2009 and Sept. 1, 2011, according to financial reporter,Patrick Martin.

Ahhhh, yes.  The American way—investing in feudalism’s bright, bright future.  You cannot make this stuff up.

We wonder [well, some wonder] why the electorate is dispirited, angry and disgusted.  This is a prime example.  Public officials from the President down are suppose to be working for the American public, not an abusive oligarchy.

Yes, the GOP propaganda regarding the ‘magical market’ needs to be exposed for the ludicrous and damaging fraud it is.  Taxes are a necessary tool in running any stable government, not a Marxist plot.  Regulation is a counterweight to capitalism’s reckless greed and worst instincts.  But public officials need to be on board, manning the bully pulpits, educating and inspiring the public to press for and demand honest, effective reform, not a slap-hazard wallpapering job called good when the result is an utter wreck. Elected, public officials [sometimes quaintly referred to as public servants] are suppose to be working for us–the public at large–for our welfare.  Not simply feeding the industrial/military complex, bowing and scraping to corporate financiers.

Literary critics question why The Hunger Games trilogy [a Young Adult series] has become so popular, why it’s had crossover appeal.  Bread and Circuses, the never-ending distractions, the deliciously effective tools of fear and need, so effective that not even our children escape [think students up to their eyeballs in impossible debt].

The allegory is us.

In any case, elections are upon us.  We’re going to hear all manner of pontificating, accusations screeched and name-calling taken to brain-freeze levels.  The really disturbing part?  Both 2012 candidates, Barack Obama and Mitt Romney, have sold their souls to the highest bidders.  We, the electorate?  We’re merely spectators sitting in the cheap seats.

Let the corporate dogfight begin!

Btw, for a chilling, even startling essay, I’d highly recommend an essay at Naked Capitalism: Code is Law.  Literally.

It’s another angle to look at and contemplate, one that I haven’t seen discussed before.   The comment section is equally good.

As for the election season?  We’re going to need a good shovel.


Have They No Decency?

Women across the US, even the world have reacted to the steady Republican assault on women’s reproductive rights.  There’s no end to the craziness. For the GOP’s ‘official’ stance?  They categorically deny a ‘War on Women.’  Rush Limbaugh went so far to say that the ‘feminazi’s’ don’t really care about his comments on Sandra Fluke.  They merely want to make a stink and attack him and his wildly successful radio show.

A conspiracy against the Premier Ditto Head.  Poor baby.

Strangely enough, I agree with the GOP argument.  This is not a War.  It’s a Holy Crusade to chip away, dismantle and destroy all vestiges of gains made by women since the Griswold and subsequent Row v Wade decisions.  Glenn Beck’s vicious attacks on Margaret Sanger make perfect sense now.  Defame and kill the root, the mother of Planned Parenthood, and you bring down the whole tree, destroying the fruits of Sanger’s effort: universal birth control, sexual education [the earlier the better] and freedom for women to control their own lives and destinies.

Make no mistake, this Crusade has been making headway, which has emboldened the zealots in making increasingly outlandish suggestions and demands.

Terri Proud, an Arizona state representative is a fine example.

Most of us have read about Arizona’s proposed HB2625, a bill that would give employers ‘of conscience’ the right to insist a woman obtain a written doctor’s note, proving she’s using birth control for non-sexual reasons. Otherwise, she could be fired.  But wait!  There’s more.  Arizona’s HB2036 would make sweeping changes to abortion, outlawing abortion after 20 weeks based on . . . fetal pain.  Representative Proud, obviously caught up in self-righteous fever, answered a constituent’s request that she vote down HB2036 thusly:

Personally I’d like to make a law that mandates a woman watch an abortion being performed prior to having a “surgical procedure”. If it’s not a life it shouldn’t matter, if it doesn’t harm a woman then she shouldn’t care, and don’t we want more transparency and education in the medical profession anyway? We demand it everywhere else. Until the dead child can tell me that she/he does not feel any pain – I have no intentions of clearing the conscience of the living – I will be voting YES.

So, in addition to requesting that note from your doctor, if you do get pregnant [you wanton slut] and want an abortion– only before the 20-week deadline, of course–Representative Proud would, in her withered zealot’s heart, demand you watch someone else’s abortion.  How perfectly twisted.  And I so-o-o love the arrogance of this reply.  Representative Proud has no intentions of clearing the conscience of the living.  La-de-dah. God is on the premises!

Who are these people?  More importantly, who do these people think they are?

Well, for one thing they’re cowards.  Because when Proud was called out on this response, she claimed it was a Democratic Gotcha Game.

Remember, these were her words, her email but somehow this is a ‘gotcha’ moment.  Sound familiar?  Poor old Rush smells a set up, too, even though it was his three-day, on-air excoriation of Sandra Fluke that initiated the media firestorm and subsequent advertising retreat.

The Grand Inquisitors morph into sniveling crybabies once exposed to the light.

The list of offensive anti-women assaults just keep coming.  Alan Dick [appropriate surname], a state representative of Alaska has suggested ‘paternal permission’ for abortion approval.  Reportedly, he has stated:

If I thought that the man’s signature was required … in order for a woman to have an abortion, I’d have a little more peace about it.

Obviously a woman cannot make this decision on her own.  She needs the signature of the impregnator to make it official so Representative Dick can have peace of mind. Might get a bit dicey if said impregnation was the result of rape or incest.  A similar bill was proposed [and shot down] in Ohio in 2009. A paternal permission rule would make non-permission abortions a crime.

Pennsylvania entered the fray recently.  Governor Tom Corbett signed an abortion ultrasound mandate and said as long as it was on the ‘exterior’ as opposed to the ‘interior,’ he was right as rain with the bill.  As for insisting that women watch?  “You just have to close your eyes,” he quipped with a smile.   Pennsylvania’s bill requires doctors to perform the ultrasound, offer patients two copies of the image and describe the fetal heartbeat in detail before performing a requested abortion.  Which is still legal, btw.

As maddening as these particular examples are, the far more serious overview comes from the Guttmacher Institute:

Over the course of 2011, legislators in all 50 states introduced more than 1,100 provisions related to reproductive health and rights. At the end of it all, states had adopted 135 new reproductive health provisions—a dramatic increase from the 89 enacted in 2010 and the 77 enacted in 2009.1 Fully 92 of the enacted provisions seek to restrict abortion, shattering the previous record of 34 abortion restrictions enacted in 2005. A striking 68% of the reproductive health provisions from 2011 are abortion restrictions, compared with only 26% the year before.

Several states adopted relatively new types of abortion restrictions in 2011. Five states (Alabama, Idaho, Indiana, Kansas and Oklahoma) followed Nebraska’s lead from the year before and enacted legislation banning abortion at 20 weeks from fertilization (which is equivalent to 22 weeks from the woman’s last menstrual period), based on the spurious assertion that a fetus can feel pain at that point in gestation. And for the first time, seven states (Arizona, Kansas, Nebraska, North Dakota, Oklahoma, South Dakota and Tennessee)—all largely rural states with large, scarcely populated areas—prohibited the use of telemedicine for medication abortion, requiring instead that the physician prescribing the medication be in the same room as the patient. Telemedicine is increasingly looked to as a way to provide access to health care, especially in underserved rural areas.

The chart below gives you a chilling visual on what’s been going on:

Despite the evidence, there are conservative writers insisting that the War/Crusade Against Women has been hatched by nefarious Democrats.  Another devious conspiracy!

Sabrina Schaeffer for instance wrote that the ‘war on women’ narrative is risky business for the Democrats because Republicans managed to close the gender gap in 2010, the first time in 20 years.  Ms. Schaeffer might take another look.  The most recent recent polls indicate Democrats opening a 15-point lead with likely female voters.  Schaeffer wrote:

But the effort by the White House to position Republicans as openly hostile to women is not only absurd, but also doomed to be a failed strategy. President Obama and Democrats have tried to create a caricature of conservatives in which opposition to the Health and Human Services “contraception mandate” means Republicans are trying to take away women’s birth control and reverse gender roles 50 years.

While this may play to their feminist base, it’s destined to fail with female voters at large. Contrary to what groups like NOW suggest, women today are not interested in playing identity politics; . . .

I agree on one point.  Women are not interested in playing identity politics on issues we thought resolved two generations ago. However, unless Rick Santorum is secretly a Democrat, I see neither evidence that he was forced into his rigid Morality Police posture [that would be on your knees] nor that he was set up for a gotcha moment.  Nor do I see any proof that the other ‘go along to get along’ candidates had a gun at their heads while taking equally outrageous positions. Only Ron Paul has deferred [for the moment] on the major communal female bashing.

Then there were those grand, unforgettable moments: Congressman Issa’s panel convened to discuss contraception, a panel devoid of women; the Blunt Amendment; the witch hunts on Planned Parenthood.

Sorry, these wounds were self-inflicted, clear cannon blasts to the foot.

That’s not ignoring how the Democrats have happily, even giddily taken full advantage of the GOP’s gender tone deafness.  It’s been a gift since the Administration was, in fact, losing support among women [the Stupak Amendment, weaseling on Plan B availability for young girls, tossing Elizabeth Warren under the bus, etc.].  Women have ‘suddenly’ become attractive entities with an election looming. Quelle surprise!  Yet the Republicans are doing the heavy lifting for the WH, voluntarily hemorrhaging female votes with their nonstop fixation on our sexual parts and what we do with them.

The ‘why’ of this furor remains a mystery.  Yes, the GOP seems to be pandering to the religious right in all their insane glory.  Some commenters have suggested [and this has absolutely crossed my mind], the GOP wants to blow the election.  Or perhaps, they’re inciting the attacks to appeal to those men who resent autonomous women, who dream of the good ole days, the sepia-tinged era of Leave It To Beaver, where Mother dusted the house in high heels, pearls and matching sweater sets.  And Dad, of course, was the font of undisputed wisdom.  One blogger suggested this might be the Republicans’ idea of a jobs program—put women back in the kitchen, thereby opening the job market to unemployed men.

Whatever the Republican reasoning, it appears to be backfiring.  But the election season is young [it just seems pointless and endless].  Still, if I hear one more story on transvaginal probing, zygote personhood or paternal permission slips, I might take out a full-page ad in the NYT, reading:

Have you no decency, Gentleman.  At long last, have you left no sense of decency?

Or anything remotely resembling sanity!


I See Dead People

Maybe this should be the new Republican mantra for a suitable candidate in 2012.  If Republican politicians aren’t conjuring up the ghost of Ronald Reagan every fifteen minutes, they can go back further into the annals of GOP glory and dig up another Republican corpse.  Say . . . Ike Eisenhower.  And lo and behold, that’s exactly what NY Times columnist Ross Douthat attempts in his recent “The Greatness of Ike” piece, which extolls the General’s many virtues, bemoans the fact that Eisenhower is overshadowed by the likes of FDR, ties for twelfth-place in POTUS rankings with Jimmy Carter and is generally under appreciated.

The man may have a point.

I recall Eisenhower’s warnings about the industrial/military complex being aired frequently throughout my living memory.  Yet no one has paid much attention beyond nodding and saying: yes, the man was right.  I suspect the current state of affairs, the country involved in a decade of senseless war, where defense contractors and mercenaries have been made fat and happy, proves the General’s point.  Only problem for the Republicans is that it was likes of George W. Bush, Dick Cheney and Donald Rumsfeld who led the disastrous charge into Iraq on false allegations, hyped-up claims about weapons of mass destruction, and then offered a breath-taking defense of torture for national security purposes.  Even more startling, they got away with it, leaving the country bleeding and bankrupt in their wake.  All in the name of democracy, freedom and ‘shop ‘till you drop’ exhortations.

It was a moment of infamy, as someone once said.

This is why the glance backwards always skips over those inconvenient years of woeful mismanagement and fiscal insanity.  No doubt the current batch of 2012 candidates, the Fearless Four, bring angst to all Republican hopefuls convinced, only a few, short months ago, that a 2012 victory was inevitable, a piece of cake.

A powerful dose of nostalgia makes the medicine go down easier.

Surely, the good ole days seem ever more grand as Rick Santorum raises the flag for a home-grown theocracy and dances with the Devil, Mitt Romney continues to stumble over his own tongue [revealing his wife drives ‘two’ Caddies], Newt Gingrich beats his breast over the secular plot to undermine America and Ron Paul, the cuddly libertarian, begins to look and sound strangely reasonable.

What’s a true-blue Republican to do?

Dig up some corpses.

Am I, a thoroughly disenchanted Democrat gloating?  In a pinch, yes.  In the long-term, no, because I’m stuck with a candidate I did not vote for in 2008, a man who has proven himself less a champion of Democratic principles than even I ever expected.

As a Nation, we are stuck in a rut for which there seem few alternatives.  The legacy parties offer nothing but more of the same—craziness on one side and the uninspiring ‘we suck less than they do’ on the other.  As a voter, I’ve vowed to go 3rd party  in November [unless the Republicans were to choose Santorum, then I’ll vote directly against him].  However, in the larger frame all I see are monied interests, directing and maneuvering what is suppose to be a ‘free’ election.  It has virtually nothing to do with me or my values.  On the contrary, it’s all about the persistence of a political class and their cash-soaked benefactors calling for war and protecting their national interests, the gutting of our social contract; the unwillingness to formulate a sensible energy program sans the giant fossil fuel companies’ interference or address the critical and devastating slippage in education, infrastructure, healthcare and employment opportunities.

We have plenty of money for bombs.  But not our people.  Bailouts are bad.  Unless our representatives are saving the asses of and colluding with the corrupt TBTFs.  Water and food is the stuff of life until there’s a pipeline, gushing with sludgy oil and money, to compromise both.

Ed Rollins, former Reagan strategist, made a statement recently about the 2012 Republican field:

“Six months before this thing got going, every Republican I know was saying, ‘We’re gonna win, we’re gonna beat Obama.’ Now even those who’ve endorsed Romney say, ‘My God, what a fucking mess.’

That about sums it up, not simply about the Republican field but the entire country.  It is an effing mess.  And there’s no savior on the horizon.  In fact, there’s no savior anywhere.  Unless we, the American public, do the saving.  But that means coming together on issues where we can agree.  The gridlock in DC gets us absolutely nowhere.  It’s enough to put anyone into a funk.

But then this morning I read an article about environmentalists and Tea Party activists coming together to fight Keystone XL, the pipeline extension from Nebraska to Texas.  For the Tea Party,  it’s all about individual property rights and the way TransCanada, a foreign company, has attempted to strong-arm property owners.  For the environmentalists it’s about preserving fertile farm land and a major aquifer from the too real danger of irreversible contamination.  The nexus of agreement between these two wildly divergent political groups is this: the Keystone pipeline does not serve the public’s interest.

That’s the winning hand: the public’s interest.  Not the oil companies, not the 196 people funding the SuperPacs, not the banks, not the Democratic or Republican parties.

What serves the public’s interest.

We, American citizens, can find ways to work together or continue to be spectators to the endless political theater, the Kabuki dance we call elections.  And once more we’ll be digging up corpses, which could very well be our own.


The Cantor Cartwheel On Insider Trading

While our eyes and fury were directed on the birth-control-is-evil crowd and the ludicrous threats of the National Razor coming to a town near

This is Eric Cantor

you, the insider trading bill wended its merry way through Congress.  Only a provision in the Senate version of STOCK [Stop Trading on Congressional Knowledge Act] was stripped from the House version. The bill will return to the Senate, and then most likely go into conference committee to iron out differences.

The deletion of the provision is curious since it would have required Washington insiders, those who sell political intelligence to corporate America [financial institutions], to register in advance like any lobbyist, thereby making their identities and purpose transparent.

One senator reacted to the provision’s removal this way:

It’s astonishing and extremely disappointing that the House would fulfill Wall Street’s wishes by killing this provision. The Senate clearly voted to try to shed light on an industry that’s behind the scenes. If the Senate language is too broad, as opponents say, why not propose a solution instead of scrapping the provision altogether? I hope to see a vehicle for meaningful transparency through a House-Senate conference or other means. If Congress delays action, the political intelligence industry will stay in the shadows, just the way Wall Street likes it.

That would be a Democrat complaining, right?

Wrong.

That would be Republican Senator Chuck Grassley from Iowa protesting House member Eric Cantor for removing the provision [Grassley’s add on], ultimately making the bill substantially weaker than it could have been.

And ‘political intelligence industry?’  Sounds like something straight out of an Ian Fleming novel.  Turns out this shadowy practice is a $100 million industry, employing 2000 people who sneak around Congress to pick up investment tips for Wall Street.

You cannot make this stuff up!

I am a weasel

In any case, it was Eric Cantor who tabled the original effort to suspend insider trading back in December.  Also removed was a bipartisan amendment by Senators Patrick Leahy [D VT] and John Cornyn [R TX] made to crack down on officials ‘self-dealing,’ that is, enriching themselves through their positions.

The question is: why the not-so-clever foot dragging on this bill, something that makes perfect sense to the American public?  Why ditch Grassley’s provision or the Leahy/Cronyn amendment, which would have added additional teeth?

As in, make it better.

According to initial comments, Cantor claimed the language too broad and the additional provisions ‘needed more study.’  Seems to me the study-until-we-drop reason was cited back in December.

But Cantor did add a touch of his own that would restrict legislators from participating or benefiting from IPOs.  This addition quickly became tagged the ‘Pelosi provision,’ inspired by the suggestion that Pelosi’s husband had taken advantage of insider information when he bought into a VISA public offering, making a tidy profit [230% increase, by some accounts]. Pelosi has denied this accusation, insisting that her husband’s buys were directed by a traditional Wells Fargo broker.

Wish my broker was that good!

I am a happy weasel

Cheap political tricks and posturing happen all too frequently but why would Cantor be so adamant in weakening a bill the public and a surprising number of Congressional members favor?

Republic Report suggests we look at Cantor’s history, specifically the issue of mortgage cram down in 2009.

Eric Cantor led the Republican refusal to consider the mortgage cramdown proposals in 2009, a measure that would have permitted homeowners to negotiate lower interest rates and avoid foreclosure.  However, what was not common knowledge [see Open Secrets. org] was that Cantor’s personal wealth was heavily involved in the mortgage industry itself.  From RR:

Cantor invested in several mortgage banks, and owned a portion of a Cantor-family run mortgage company. According to Cantor’s 2009 personal disclosure, Cantor owned up to a $500,000 share of a mortgage company called TrustMor run by his brother.

While Cantor blocked a fix to the foreclosure crisis, his wife Diane Cantor served as the managing director of a bank with a high foreclosure rate. Diane Cantor at the time worked as a managing director to New York Private Bank & Trust, a major mortgage bank and TARP recipient. SNL Financial reported that Cantor’s bank was among the top three banks in the mortgage business “with thegreatest percentage of family loans in the foreclosure process.

There was also the dustup during the debt ceiling debate last year when a revealed fund Cantor was invested in, stood to make a sizeable profit if the US actually defaulted on its debt.  If the country tanked, Cantor stood to win.

Such loyalty!

Personally, I liked Cantor’s chest thumping after wicked storms savaged the South and East Coast last spring [my house and property suffered nearly $20,000 in damages with 1600+lbs of debris dragged from the front and back yard].  For his Tea Party audience, Cantor tried bucking disaster relief until expenses [like unemployment checks and food stamps] were cut elsewhere.  But then amazingly, Cantor made a sharp pivot and complained FEMA was far too slow in addressing damage relief in his own Virginia district.

Consistency is a beautiful thing!

So, we have the Pelosi Provision and the Cantor Cartwheel, anything to stall a DC scrub down, the disinfectant treatment that the American public demands [at the very minimum] from their representatives–abiding by the laws, standards and a sense of ‘doing the right thing.’ You know, those principles that presumably apply to everyone.

BTW, the Sunlight Foundation has provided the House/Cantor Version of the STOCK bill with edits [strikeouts] included.  Most instructive!

Don’t you love the Internet???  Bet Cartwheel Cantor doesn’t.

I am a warrior weasel

And though I would have nominated Eric Cantor for Sellout of the Week, Republic Report has chosen President Obama, primarily based on his recent decision to embrace Super PAC money [though I suspect we could all come up with other examples].  However, the President opened himself up to this chastising because he warned about unlimited campaign spending in 2008:

Let me be clear — this isn’t just about ending the failed policies of the Bush years; it’s about ending the failed system in Washington that produces those policies. For far too long, through both Democratic and Republican administrations, Washington has allowed Wall Street to use lobbyists and campaign contributions to rig the system and get its way, no matter what it costs ordinary Americans.

That was then, this is now.

Did you know that one of the collective nouns used to describe a group of weasels is . . . SNEAK.  How perfect is that?

We are all well-heeled weasels