Friday Reads

Good Morning!

I want to open with a letter from the First Lady to American Parents on the White House Blog. You could tell that FLOTUS was obviously moved by the murder of a young girl so like her own children at the memorial service night before last. I have to say, Michelle has a heart that embraces children. She has turned this into a teaching moment. I haven’t found many inspiring words out there concerning the Tuscon tragedy.  These are inspiring words.

We can teach our children that here in America, we embrace each other, and support each other, in times of crisis.  And we can help them do that in their own small way – whether it’s by sending a letter, or saying a prayer, or just keeping the victims and their families in their thoughts.

We can teach them the value of tolerance – the practice of assuming the best, rather than the worst, about those around us.  We can teach them to give others the benefit of the doubt, particularly those with whom they disagree.

We can also teach our children about the tremendous sacrifices made by the men and women who serve our country and by their families.  We can explain to them that although we might not always agree with those who represent us, anyone who enters public life does so because they love their country and want to serve it.

It’s just really too bad that we all can’t grow up up in families like the Huxtables, and the Nelsons, and the Lopez family on TV.  There probably would be fewer Manson families as a result. We also don’t have frames for families with surnames like Wu or Ahmadi or Gupta or lots of others.   A lot of families are not in places where effective communication is possible.  It’s easy to want to embrace those neighbors that look like the Huxtables, the Nelsons and the Lopez family.  However, are those the families that really need our help and concern?

So what’s up with our Plutocratic overlords today? Read the rest of this entry »


What’s That Lassie? Little Timmy’s in the Well AGAIN?

lassie Wow, it looks like Turbo Tax Timmy has gone rogue! We better send the press up to Alaska to chase down another Palin rumor. First, there’s that nastiness over the weekend with the Stephanapolous show on ABC where he explicitly said that the administration wasn’t ruling out new taxes on the middle class. (Something Larry-the-la-la Summers also inkled, but hey, he’s not a cabinet officer, he’s something akin to a Czar that has to be overthrown by something other than scandal and public displays of stupidity.) I believe that gave Robert Gibbs Excedrin headaches number 349-357 during yesterday’s presser.

Now, there’s rumors of a temper tantrum in the presence of all the nation’s topic economists and financial regulators outlined here in the WSJ. It seems he’s not getting the Obama way on this one. The ladies in the room have taken exception to his granting Ben Bernanke (possibly later, this year, La-la Summers) all the fun and power. I guess being an independent regulator with an agency all to yourself just isn’t what it used to be; especially when you have scary lady parts and a huge brain.

Mr. Geithner told the regulators Friday that “enough is enough,” said one person familiar with the meeting. Mr. Geithner said regulators had been given a chance to air their concerns, but that it was time to stop, this person said.

Among those gathered in the Treasury conference room were Federal Reserve Chairman Ben Bernanke, Securities and Exchange Commission Chairman Mary Schapiro and Federal Deposit Insurance Corp. Chairman Sheila Bair.

Friday’s roughly hourlong meeting was described as unusual, not only because of Mr. Geithner’s repeated use of obscenities, but because of the aggressive posture he took with officials from federal agencies generally considered independent of the White House. Mr. Geithner reminded attendees that the administration and Congress set policy, not the regulatory agencies.

Mr. Geithner, without singling out officials, raised concerns about regulators who questioned the wisdom of giving the Federal Reserve more power to oversee the financial system. Ms. Schapiro and Ms. Bair, among others, have argued that more authority should be shared among a council of regulators.

This current turf battle is only the latest move by a group within government possibly thwarting the Treasury’s plans to continue uploading tax dollars to the bonus class in the guise of saving the financial sector. If there’s still disagreement about this point, can you imagine what other things are going on in complete disarray behind the scenes? Who is really in charge of solving this overt act of sibling rivalry? Well, if you have figured out where the buck stops in this administration, you’re doing better than me. (Hint: these folks are ALL presidential appointments).

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