"For the Republican Party, these trends not only illustrate the danger of attempting to win without improving margins among minority voters, but also the danger that a modest collection of Congressional wins next year - say 10-15 House seats --will only reinforce the dominant forces in the House and Senate wings of the GOP that adamantly support a conservative agenda that precludes concessions to minority groups. That, in turn, would increase the likelihood that the Democratic Party will be able to maintain majority status in 2012 and beyond."
- Bernard Chase
from Bookmarklet
"And taxing super-rich people and using the money to build schools and hospitals and transportation infrastructure is, if slightly crude, a more workable method of trying to align the interests of the hyper-wealthy with those of the rest of us than is having various economists debate exactly which money-making activities out there are really socially valuable."
- Bernard Chase
from Bookmarklet
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"As before, it's hard to know what will happen to the politics of this over the August recess. But there will almost certainly be a bill ready for a vote when the House comes back into session in September. That bill will have been endorsed in preliminary votes by a significant number of Blue Dogs. And in the House, where there's no filibuster, that makes its prospects for ultimate passage look very solid."
- Bernard Chase
from Bookmarklet
"That most activist Court? A: The Late Rehnquist Court, which in terms of the annual average number of federal statutes overturned by the Court ranks first. Though I only show data from the Roosevelt Court forward, Late Rehnquist has the highest score of any Court era going back to the days of John Jay. So much for modern conservatives' deference to legislatures and the disdain for "judge-made" law."
- Bernard Chase
"DaJuan Summers was the butter and egg man down low for the Pistons. I can't quite figure out whether to classify him as a small or power forward. IMG's Mike Moreau referred to him as a "Power 3." Whatever he is, Summers continued to leverage his ability to face up for opportunities to get inside. There's a lot of offensive weaponry there, and he can clean the glass, too. His scoring line: 24 points on 9-for-15 shooting from the field, and 5-for-7 from the stripe."
- Bernard Chase
This is flat out ridiculous: "FEC watchers say the commission's three Republicans -- Donald McGahn, Matthew Petersen, and Caroline Hunter, each nominated by President Bush -- are acting out of philosophical opposition to the very idea of regulating campaign money."
- Bernard Chase
from Bookmarklet
"That a company as rich and powerful as Goldman would stoop to peering through the web version of a locker-room peephole to make a few extra pennies either front-running random trades or somehow using visitor data “not for their benefit” shows how completely and utterly morally absent this company is. There is not an ill-gotten dollar they will not chase, no matter how small or insignificant the sums might be."
- Bernard Chase
from Bookmarklet
"For eight straight months, oil supplies have been running about 2 million barrels a day higher than the global demand of 83 million barrels a day, Verleger said. Eventually, he and others predicted, suppliers will tire of paying to store all of the surplus oil and flood the market."
- Bernard Chase
from Bookmarklet
Guessing the Fed hasn't learned yet: "But that's not the end of the story. Smith found that there was a way to get experienced investors back into bubble mentality. How? He cut the amount of stock available in half, and doubled the amount of cash in the game, "effectively creating what might be termed a massive liquidity surge." This time around, even the experienced investors were sucked back into creating another bubble, although it peaked earlier than the previous ones."
- Bernard Chase
"The Republicans smell blood. But -- here’s where my conspiracy theory comes in – so does Larry Summers. Remember the White Paper that Obama just released? Doesn’t it give sweeping powers to the Federal Reserve? Didn’t Summers have a strong hand in crafting this white paper? And doesn’t Larry Summers know his name has been bandied about as a replacement for Bernanke? You see where this is going, right?"
- Bernard Chase
"He also says people are becoming increasingly aware of the situation. The North American media have called it “pension envy,” while the British press has warned about a “pension apartheid” in which retirement lifestyle will be decided largely on whether or not the retiree collects a healthy, protected and often indexed public pension or a squeezed and potentially fragile private one."
- Bernard Chase
"I’ve been amazed at the complacency of Americans in the face of rape and pillage by the moneyed classes. Of course, I underestimate the impact of overwork and media brainwashing. If you are a member of the dwindling middle class, you are probably devoting all your energies to hanging on to your job and trying to be a decent partner and for those with families, parent. Any kind of sustained political action (unless you grew up with it in a serious way) is unlikely to rate as high as a tertiary concern. In our total information society, protesting has high odds of getting one’s mug in a video that could come back to haunt you. An arrest would show up in a background check. What a great way to keep the peasantry in line."
- Bernard Chase
"“They want me to walk around saying I am the paragon of virtue,” Inglis said. “But that is unrecognizable to the Gospels.”"
- Bernard Chase
from Bookmarklet