In a Time of Universal Deceit, Telling the Truth is Revolutionary.
Monday, November 29, 2021

Ben Bernanke’s nomination in big trouble

Ben Bernanke’s nomination for a second term as U.S. Federal Reserve chairman, once seen a sure thing, appeared increasingly under threat on Friday after two Senate Democrats said they would vote against it.

“I believe there will be the votes to confirm him, but it’s going to be very close,” a senior Democratic leadership aide said.

With the U.S. job market in disarray, voters angry at Wall Street firms and members of Congress worried about their re-election in November, the Fed and its chairman have become targets for discontent.

Senators Barbara Boxer and Russ Feingold brought the total of known ‘no’ votes among the Democratic majority to four, while many others have said they were undecided.

Several Republicans also oppose him and some senators have moved to block his confirmation, forcing Senate leaders to secure a super-majority of 60 vote in the 100-member chamber to move the nomination.

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The end of freedom of speech?

MSNBC’s Howard Beale — the bombastic Keith Olbermann — weighed in on the Supreme Court’s decision Thursday to open the floodgates for corporate money to flow into election campaigns, saying the move signals an end to freedom of speech and clears the way for corporate takeover of government.

While some may argue that business always controls government the Court’s 5-4 decision to lift virtually all restrictions on corporate and union involvement in political campaigns makes it legal for business have lett many shaken and angry.

Does it signal the end of democracy? Obermann thinks so.

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Obama’s shift on banks: Geithner on way out?

President Barack Obama’s sudden decision to finally get tough on banks and their constant abuse of consumers and the public trusts signals an end to the financial industry friendly tactics of Treasury Secretary Tim Geithner and a return to the more regulation options pushed by Paul Volcker.

It could also mean Geithner is headed for the exits.

For some, Geithner can not leave the Obama administration soon enough. Critics have long regarded him as too cozy with the financial industry he was supposed to regulate. Others saw him as one of the architects of the financial crisis that helped spur the greatest recession since the great depression.

The banking industry, which got everything it wanted from Geithner, disagrees.

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Clueless Democratic leaders stumble on health care

Democrats, forever oblivious to the will of American voters, continued to try and save their hopelessly-damaged health care non-reform bill Thursday but any hope for a deal is vanishing into the thin air of political stupidity.

Yet the clueless leaders of the party of the jackass persist.

Republicans, embolded by the upset victory in the Massachusetts special election to fill the Senate seat held by Ted Kennedy and polls showing the majority of American people think the bill is a joke, have stepped up their attacks on the bill and Democrats admit privately that they have shot themselves in the foot when it comes to health care and other failings of their Congressional leadership and the faltering agenda of President Barack Obama.

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The end of Democracy

The U.S. Supreme Court Thursday drove the final nail into the coffin containing a dead American concept called democracy. In a 5-4 vote, the court

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