In a time of universal deceit, telling the truth is a revolutionary act.

Obama pushes bank tax to cover bailout costs

President Barack Obama on Saturday pitched his proposed tax on banks to recover the cost of bailing them out during the financial crisis, saying if they can afford billions more in bonuses, they can pay back the taxpayers, too.

The banks and Republican lawmakers oppose the tax, which Obama announced this week.

“We’re going to pass this fee into law,” the president said in his weekly radio and Internet address.

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Can Democrats hold on to Kennedy’s old seat?

For much of her campaign, Martha Coakley steered clear of the Kennedy mystique, methodically crafting a low-key campaign to fill the late Edward Kennedy’s U.S. Senate seat the way the seasoned prosecutor would build a case in court.

But with the wheels threatening to come off the campaign and a double-digit lead eroding to a dead heat in the polls, Coakley, the state’s attorney general, is banking that a deep-seated loyalty to Kennedy among Massachusetts Democrats will be enough to propel her to victory.

Coakley has publicly accepted the endorsement of Kennedy’s widow, Vicki Kennedy, and nephew, the former U.S. Rep. Joseph Kennedy. Vicki Kennedy has also made a fundraising appeal and cut a television ad on Coakley’s behalf.

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